Posted on 11/07/2011 1:22:54 AM PST by bruinbirdman
The spread of Italian 10-year yields over their equivalent German Bunds hit a new euro lifetime high at 480 basis points on Monday, according to Tradeweb data, with pressure on Italy to pursue structural reforms increasing as Prime Minister Silvio Berlusconi faced a no-confidence vote later in the week.
Berlusconi had a day left to see off a group of party rebels threatening to bring down the government over failure to adopt reforms.
Italy's 10-year BTP government bond yields rose to a record 6.58 percent
(Excerpt) Read more at cnbc.com ...
yitbos
Thanks bruinbirdman.
Italian 10-year bond yields, which have an inverse relationship with prices...(snip) It is close to the 6.5 per cent level that markets consider unsustainable.
http://www.ft.com/intl/cms/s/0/3745b7e8-05fa-11e1-a079-00144feabdc0.html#axzz1d0yLaWiy
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