italian 10year bond yields soar past 70
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Italian 10-year bond yields soar past 7.0%

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Arab Today, arab today Italian 10-year bond yields soar past 7.0%

London - Arabstoday

Italian government borrowing costs soared Wednesday with the yield on benchmark 10-year Italian bonds topping 7.0 percent by mid-morning, after Prime Minister Silvio Berlusconi's planned resignation left the country in political limbo. Around 1011 GMT, the yield climbed to 7.024 percent, a level not seen since June 1997, demonstrating investor unease about Italy's ability to manage its debt despite Berlusconi saying he would step down by the end of the month.

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