Italian Bond Yields Spike: So Much For The EU Rescue

Earlier this morning, Italy auctioned off 7.98 billion euros worth of bonds of various maturities, and it didn’t go that well.

The debt-laden country sold 2.98 billion worth of 10-year bonds to yield 6.06%.

So despite what people tell you, Europe is far from fixed.

italy10Italy 10-year Bond Yield

Photo: Bloomberg

REMINDER: This Is The Story Of Why Italy’s Getting Crushed

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