The rise in Italian short-term debt yield to 14-year high reignites concerns

Tensions aggravated once again by the end of the week with the rise in Italian six-month notes’ yields to the highest level in 14 years as the debt contagion spread from the euro area small economies to the euro area third-largest economy. The selling of 8 billion euros reached the maximum target, where the 183-day bonds recorded a surge in yields to 6.504% compared with 3.535% in the last auction in October, while the demand retreated to 1.47 times from 1.57 times seen in October’s auction.

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