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chemgear · 11-09-2011, 11:31 AM

http://money.cnn.com/2011/11/09/mark...elds/index.htm

Italy's borrowing costs continued to surge for a third day Wednesday, with yields on 10-year Italian bonds climbing above 7%.

The surge comes a day after Prime Minister Silvio Berlusconi agreed to step down, a move that did little to quell investor fears about Italy's debt problems.

Yields on Italian 10-year bonds traded as high as 7.48% , rising above the key 7% level and marking its highest since the euro was launched in 1999. Yields initially spiked after London clearing house LCH Clearnet raised margins on the amount of collateral traders had to put up to hold Italian bonds

11-09-2011, 11:31 AM	#63
chemgear Franchise Player Join Date: Feb 2010 Exp:	http://money.cnn.com/2011/11/09/mark...elds/index.htm Italy's borrowing costs continued to surge for a third day Wednesday, with yields on 10-year Italian bonds climbing above 7%. The surge comes a day after Prime Minister Silvio *Berlusconi agreed to step down*, a move that did little to quell investor fears about Italy's debt problems. Yields on Italian 10-year bonds traded as high as 7.48% , rising above the key 7% level and marking its highest since the euro was launched in 1999. Yields initially spiked after London clearing house LCH Clearnet raised margins on the amount of collateral traders had to put up to hold Italian bonds