Italy Aims To Sell €4.5 Billion As Borrowing Costs Surge

The Italian government hopes to sell €4.5 billion, or $5.7 billion, in medium-term debt today.

Italy will issue three-, seven-, and eight-year sovereign debt a day after Spain said it would formally seek a $125 billion bailout of its banking sector. 

Yields in both Italy and Spain have been on the rise, with the Italian government paying 1.63 percentage points more on its one-year notes than it paid just one month ago. 

Below, the jump in yields on the Italian 10-year this week.

Italy 10YR

Photo: Bloomberg

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