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Italian bond yields rise after source denies Germany plans to issue joint debt
Italian bond yields rose on Tuesday after a German official denied that the country’s government plans to support the issuance of joint European Union debt. German yields eased, having jumped the previous day after Bloomberg reported that the government would support issuing join EU debt to tackle the energy crisis. However, a German government official later denied the report, saying no joint debt plans are afoot. “Such plans are not known in the government,” the source told Reuters on Monday. Italy’s 10-year government bond yield was last up 7 basis points to 4.702%, although it remained below the 9-year ... (full story)