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How quickly things change. Italian bonds (ITLY), which less than a year ago were pricing in the...

How quickly things change. Italian bonds (ITLY), which less than a year ago were pricing in the apocalypse, are now perceived as safer than they have ever been , as Italy sells €7B in 12-month bills at an average yield of 0.703%, the lowest since the country's adoption of the euro. (Also: Spain's borrowing costs fall)
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Comments (1)
  • Paulo Santos
    , contributor
    Comments (23551) | Send Message
     
    The printing, even if not by the ECB, is so massive that is distorts absolutely.
    10 May 2013, 06:44 AM Reply Like
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