FRANKFURT (MarketWatch)Italian and Spanish government bonds were under pressure Friday, pushing up yields as both countries prepared to auction debt next week in a key test of market confidence.
The yield on 10-year Italian government bonds rose back above the 7% level to trade at 7.11%, a rise of 16 basis points.
Borrowing costs above 7% are widely seen as unsustainable over the long run.
Spain's 10-year bond yield rose by around 5 basis points to 5.63%.
A basis point is a hundredth of a percentage point
1 comentario:
Soros dice que ruptura zona euro sería catastrófica
Un colapso del euro y la desintegración de la Unión Europea tendría consecuencias catastróficas para el sistema financiero global, según aseguró el inversor multimillonario George Soros. "Hoy en día, el euro está poniendo potencialmente en peligro la cohesión política de la Unión Europea", dijo Soros en unas declaraciones recogidas por Reuters.
Publicar un comentario