Italy's borrowing costs fall below 3 percent
AFP - [email protected] •
6 May, 2014
Updated Tue 6 May 2014 15:30 CEST
Italy's long-term borrowing costs fell on Tuesday below the three percent level for the first time since the creation of the euro amid a resurgence in investor confidence in the eurozone.
The rate of return for investors for investors on ten-year bonds on the secondary trading market -- the implied costs for governments to borrow fresh funds, had already dropped below three percent on Spanish bonds last week.
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The rate of return for investors for investors on ten-year bonds on the secondary trading market -- the implied costs for governments to borrow fresh funds, had already dropped below three percent on Spanish bonds last week.
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