The interest rates on Italy's
five-year and 10-year State bonds reached record lows at a
Treasury auction on Tuesday.
The Treasury sold 6.5% billion euros' worth of bonds, with
the 10-year BTP going at an average interest rate of 3.22% and
the five-year one getting snapped up at 1.84%.
The country's borrowing costs have been falling since
Premier Matteo Renzi unseated his Democratic Party colleague
Enrico Letta in February and took the helm of government
promising to revive the economy and reform the country's slow
and expensive political system.
Italy risked a Greek-style financial meltdown late in
2011 when the spread between its 10-year bond and the ultra-safe
German equivalent went over 500 points with yields above 7%.
ALL RIGHTS RESERVED © Copyright ANSA
