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Reply #7: europe: Italy forced to pay record interest rates at auction [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 06:30 AM
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7. europe: Italy forced to pay record interest rates at auction
http://www.bbc.co.uk/news/business-15888752

Italy has been forced to pay record interest rates in a 10bn euro ($13bn; 9bn) auction of treasury bills.

The rate of interest for the new debts due to be repaid in six months was 6.504%, compared with 3.535% in the last comparable sale on 26 October.

The rate for two-year borrowing was 7.814%, up from 4.628% last time.

The Bank of Italy stressed that demand for the bonds had been high, with demand for the debts outstripping supply by 50%.
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