Italy Can't Catch a Break

by Marilou Moursund on November 29, 2011

in Credit Crisis,currencies,Debt,Foreign Markets,Uncategorized

Italy had a bond auction today, and.  The three year sold at 7.89%, and the ten year note sold at 7.56%.  I have embedded an interesting article below that talks about the difference in borrowing costs for countries that issue debt in their own currency versus those that don”t.

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