Italy’s Borrowing Costs Inching Up Again

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

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