ROME (AP) — Italy's borrowing costs have risen for the second day in a row in a pair of bond auctions that also failed to raise as much money as expected.
The Italian Treasury said Friday it raised €5.88 billion ($7.8 billion) in its auction of 10- and 5-year bonds, shy of the €6 billion target. The interest rates on the 10-year debt rose from 4.45 percent last month to 4.48 percent while the rate for five-year bonds was 3.26 percent, up from the 3.23 percent.
Italy also saw its borrowing costs inch up in Thursday's auction of six-month paper. The country had been enjoying several months of falling interest rates thanks to reforms introduced by Premier Mario Monti and the European Central Bank's offer to buy up bonds.
Peter Morici - 2015 Paris Climate Conference: Another Bad Deal for America
Why Aren't There as Many Attacks on Abortion Clinics Overseas? | RedState
'I need a safe space'! Matt Drudge's 'Revenant' preview is more than we can bear
Gun Control Group Calls For Obama To Declare "State of Emergency," Ban Guns - Bearing Arms - Anti-Gun Hysteria, Elliot Fineman, NGVAC
A Resurgence of Intolerance
Obama in Paris: Mass shootings just don’t happen outside the United States
Are Trump and Putin Right? | Human Events