Economic news

Yields on Italy’s government bonds soar

Returns on Italian 10-year government bonds jumped to the top level in four and a half years today, following voiced by the EU worries over the country’s budget for the coming three years as it goes across the EU recommended measures from July, with Italy sticking to the previous course on spending.

And thoughItalian costs of borrowing ran up 0.17% across the curve, local stock market plunged to the least marks in almost 18 months, bank shares dropped as well.

Growth in returns on 10-year bonds was more than0.1%, reaching its peak at 3.52% since the beginning of 2014.

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