Italian interest rates

Another Ugly Day in the Marketplace Thanks to Europe

November 9, 2011

The embattled Italian Prime Minister Berlusconi agreed to resign once budget cuts and economic reforms are approved by parliament.  Nevertheless, Italian sovereign debt yields are sharply higher.  The five-year advanced to a crippling 7.14%, and the 10-year spread versus German bunds widened to as much as 536 basis points.  Italian elections are likely in February, […] More