Italian rates jump in bond auction after elections
- Published: 26 Feb 2013 at 17.43
- Online news: World
Italy's borrowing rates jumped in a short-term bond auction on Tuesday after a shock election result that leaves parliament in gridlock.
Demonstrators paint 'broken bank' on a Unicredit branch during a No Monti Day demonstration in Rome in October. Italy's borrowing rates jumped in a short-term bond auction on Tuesday after a shock election result that leaves parliament in gridlock.
The rate for the sale of six-month paper that raised 8.75 billion euros ($11.46 billion) shot up to 1.237 percent compared to 0.731 percent for the last similar auction in January.
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