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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