Italy’s Borrowing Costs Inching Up AgainApril 27, 2012 4:04 pm
One of our favorite spotting grounds here at Statspotting has been Italy’s borrowing costs. We had spotted some stats on Italy’s borrowing costs in the past (Read 6.64 Percent: Italy’s Borrowing Costs At A Euro-Era High) – we spotted this today:
” Italy’s borrowing costs rose to 5.84 percent at a benchmark 10-year bond auction on Friday, their highest level since January, after a credit ratings cut for Spain overnight added to markets’ concerns about the debt of weaker euro zone countries.
The two-notch downgrade by rating agency Standard & Poor’s weighed on euro zone bond markets ahead of the Italian sale, further increasing the cost the Treasury had to shoulder to sell 5.95 billion euros in bonds.”
Statistics Source: Reuters