Half of rate means good European currency so it make European economic condition may better.It means European economic crisis may solve near future. Well done Europe!!!!!!!!!
Italy short-term costs halve at auction
Italian short-term debt costs halved at auction on Wednesday as a new austerity package and cheap long-term liquidity from the European Central Bank won Rome some respite in thin year-end markets. But analysts warned markets tensions could easily reignite and pointed to a new test on Thursday, when Italy will sell up to 8.5 billion euros of longer-term bonds, including three- and ten-year paper. On Wednesday, Italy sold 9 billion euros of six-month BOT bills at an average rate of 3.25 percent, down from a euro lifetime record of 6.50 percent at an auction last month. Demand totalled 1.69 times the amount on offer, versus a ... (full story)
- Posted: Dec 28, 2011 5:43am
- Submitted by:Category: Low Impact Breaking NewsComments: 6 / Views: 1,951