The latest Italian bond auction results in yields on 3-year paper rising to a euro-era record of...

|By:, SA News Editor

The latest Italian bond auction results in yields on 3-year paper rising to a euro-era record of 7.89% from 4.93% only a month ago. The yield on a 10-year bond increased to a fresh high of 7.56% vs. 6.06%. Still, at least Italy was able to raise €7.5B ($10.06B), near the top end of its goal of €5-8B.