Italian debt auction
A Disappointing Italian Debt Auction
September 13, 2011
Worry about euro area sovereign debt got new impetus after Italy’s five-year auction fetched a yield of 5.6%, up from 4.93% in the prior tender and the highest since at least 1999. Italian and Chinese officials have reportedly been in talks about China maybe increasing its buying of Italian debt, but the auction did not […] More
