Italian borrowing costs drop after bond offering
Investors show healthy appetite for Italian debt
Italy saw its short-term borrowing costs drop by about 50 per cent on Wednesday, after investors showed a healthy appetite for its $14 billion bond offering. Strong demand for Italian debt was largely seen as a sign of positive market sentiment about the European Central Bank’s emergency three-year loan program for European banks. Just before Christmas, the Bank stepped in to provide an $647 billion in three-year loans to over 500 banks across the continent, an unprecedented move aimed at easing liquidity strains for the region’s financial institutions.
Related Posts
General
Maclean’s 2022 Student Survey Contest Rules
CONTEST RULES (the “Official Rules”) Maclean’s Student Survey 2022 Contest (the “Contest”) WHO ARE THE SPONSORS?...
General
Maclean’s Registration wall FAQ
You can read five Macleans.ca articles every 30 days. To read more, you must create an account or log in to an existing...
Life
Debating the pros and cons of Daylight Saving Time
Ahead of the end of this year’s daylight saving on Nov. 7, Shannon Proudfoot breaks down the pros and cons of the increasingly unpopular practice
Get the Best of Maclean’s straight to your inbox.
Sign up for news, commentary and analysis. Join 60,000+ Canadian readers.