Italy's Latest Bond Auction Was Great

Italian three-year bonds yielded 4.65 per cent versus 5.3 per cent on June 14. That’s the lowest price the country has paid to borrow since May.

It would appear that investors were not deterred by the latest rate cut earlier today from Moody’s.

Here’s a look at three-year bonds today:

Photo: Bloomberg

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