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Italy sells bonds at lower interest rate
Source: Agencies |
December 13, 2012, Thursday
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Print Edition
Print Edition
ITALY has easily sold 6.5 billion euros (US$8.45 billion) in 12-month bonds at lower interest rates despite worries about its political and financial future.
The Italian Treasury said yesterday that the yield, or interest rate, on the bonds was 1.46 percent, down from the 1.76 percent paid in the last such offer in November. Demand was 1.94 times the amount on offer.
Italy's political foundations have been rocked by Premier Mario Monti's surprise decision over the weekend to resign after Silvio Berlusconi's party yanked its support.
Yesterday's bond auction was the first since the upheaval, which has forced Italy's general elections to be held in February, several weeks ahead of schedule.
The Italian Treasury said yesterday that the yield, or interest rate, on the bonds was 1.46 percent, down from the 1.76 percent paid in the last such offer in November. Demand was 1.94 times the amount on offer.
Italy's political foundations have been rocked by Premier Mario Monti's surprise decision over the weekend to resign after Silvio Berlusconi's party yanked its support.
Yesterday's bond auction was the first since the upheaval, which has forced Italy's general elections to be held in February, several weeks ahead of schedule.
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