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

SEE ALSO: 22 Companies Who Are Addicted To Walmart >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

italy moneygame-us