News Column

Italian Borrowing Costs Rise

Feb 26, 2013

Italy's borrowing costs jumped in a short-term bond auction amid investors' concerns that the nation was ungovernable after an inconclusive election result.

The Italian central bank said Tuesday it had raised 8.75 billion euros (11.45 billion dollars) in a six-month auction, but at a higher cost, with the rate climbing to 1.237 per cent from 0.731 per cent in January.

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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