Italy’s borrowing costs fall below 3 percent

Italy's borrowing costs fall below 3 percent
Italian 10-year bond rate falls below 3% for first time. Photo: Kentee Gardin/Flickr
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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