Italy Is Now Paying Over 7.7% To Borrow For Just 2 Years

Italy just held a an auction of 2-year government notes.

The country is now paying over 7.7% (!) for this privilege.

Italy 2-Year Yield

chart

The yield curve is inverted in Italy, as this is higher than the yield on the 10-year bond, which is a telltale indicator of solvency fears.

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