UPDATE 2-Southern European borrowing costs rise as spotlight turns to EU meeting [Reuters]
S&P Global Inc. (SPGI)
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Source: Reuters
UPDATE 2-Southern European borrowing costs rise as spotlight turns to EU meeting * Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates yields, adds quote, adds issuance) By Dhara Ranasinghe and Elizabeth Howcroft LONDON, April 20 (Reuters) - Southern European bond yields rose to near one-month highs on Monday, a sign of investor unease ahead of a European Union summit later this week over how to tackle the economic fall-out from the coronavirus crisis. Portugal’s 10-year borrowing costs hit one-month highs after Fitch Ratings on Friday downgraded the country’s ratings outlook to stable from positive, saying its tourism-driven economy was especially exposed to the pandemic’s downside risks. Spain’s 10-year bond yields also rose to their highest in a month; Italy’s borrowing costs neared one-month highs. Selling pressure on Italian government bonds has returned in the past week, undoing some of the benefits of the European Central Bank’s massive bond-buying scheme, after eur
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- 2/11/26 - Form IRANNOTICE
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