The yield gap between 10-year Italian bonds and their German peers widened for a third day to 226 basis points, the most since May 2020.
The yield on 10-year Italian bonds rose 13 basis points to 2.73%, headed for their highest close since 2014. The rout also spread to Greek debt, which is considered to be even more sensitive to ECB policy. The benchmark 10-year yield surged as much as 29 basis points to 4.41%, the highest since January 2019.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: ECB Calls Time on Era of Ultra-Low Rates With Big Hike PossibleThe European Central Bank brought down the curtain on years of ultra-loose monetary policy, committing to a quarter-point increase in interest rates next month and signaling a bigger hike in the fall.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Credit Suisse Weighs New Job Cuts Round After Loss WarningCredit Suisse Group AG is weighing a fresh round of job cuts, part of a renewed push to slash costs after warning of a second-quarter loss, according to people familiar with the matter.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Bank of Russia rode rouble rally when war left few other optionsSome economists say the country's central bank could lower the benchmark below its pre-war level of 9.5% on Friday. It would be the fourth straight cut, a series that started as the rouble wiped out the losses incurred after Russia's invasion of Ukraine began.
Source: dailymaverick - 🏆 3. / 84 Read more »