May 17, 2018 / 8:40 AM / 7 months ago

Italian yields rise to near 3-month high on borrowing concerns

LONDON, May 17 (Reuters) - Italian borrowing costs resumed their rise on Thursday to approach three-month highs as the anti-establishment 5-Star and the far right League approached a deal to form a government which could implement high-spending policies.

Yields on benchmark Italian 10-year govermnent debt rose three basis points on the day at 2.13 percent, its highest since late-February.

Thursday’s rise in yields came after Wednesday’s 16 basis point spike, the biggest one-day rise since March 2017. Italian debt insurance costs were trading at four-month highs, having risen 14 bps on Wednesday.

Reporting by Saikat Chatterjee; editing by Sujata Rao

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below