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Italian borrowing costs rise further on fiscal concerns, European Central Bank

by Amwal Al Ghad English

Borrowing costs in Italy rose further on Wednesday, hit by signs the new government wasn’t planning to tone down its big-spending plans in Europe’s third-biggest economy, while hawkish comments from the European Central Bank also added upward pressure.

Benchmark yields in 10-year maturities IT10YT=RR on the government bond market in Italy rose 15 basis points to 2.91 percent while yields on two-year maturities surged 39 basis points at 1.38 percent IT2YT=RR.

The jump in eurozone bond yields pushed up Spanish and Portuguese bond yields by 6 to 12 basis points across the board.

 

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