Interest on one-year Italian bonds rises at auction
Rate climbs to 1.280% from 1.094% in February sale
12 March, 11:21
(ANSA) - Rome, March 12 - The interest rate on one-year
Italian bonds rose significantly at a Treasury auction on
Tuesday.The average interest rate set on the one-year BOT bonds was 1.280%, up from 1.094% at the last equivalent sale in February.
Pressure on Italy's borrowing costs has increased since last month's general election failed to produce a clear winner, provoking investor fears that the country faces a lengthy period of political deadlock.
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