Search
 

Italy, Spain Borrowing Costs Rise

More disappointing auction results after Moodys downgrades 28 Spanish banks

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Italian two-year notes fell, pushing the yield to the highest in a week, and Spanish securities declined after borrowing costs rose at debt auctions.

Spain’s bonds dropped a second day after Moody’s Investors Service downgraded 28 Spanish banks and Bundesbank President Jens Weidmann said there can be no pooling of issuance in Europe until governments agree to give up their fiscal sovereignty. Italian securities slid as the government said it would sell at least 30 billion euros ($37.5 billion) of new bonds in the third quarter. German bunds fell.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Recommended Stories

China Eases Covid Restrictions

Bloomberg News |

As the number of infections dropped significantly over the weekend, officials made plans to reduce some Covid Zero protections.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2022 ALM Global, LLC. All Rights Reserved.