Economic news

Italy sees continued upping in borrowing costs

Cost of borrowing in Italy continued to go up today, as the new government shows no intention of easing plans for hefty spending in the third ranking economy of the EU, with hardline statements from the ECB stoking growth.

Returns on 10-year maturities of Italy increased 15 basis points, getting to 2.91%, whereas returns on 2-year maturities gained as much as 39 basis points, reaching 1.38%.

Spain’s and Portugal’s returns on bonds rose by 6-12 basis points spurred by the spike in bond yields of the euro zone.

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