Italian borrowing costs rise in debt sale

The Associated Press

MILAN (AP) — Italy was forced to pay higher interest rates to borrow 5-year and 10-year money from investors as uncertainty grows over the European economy and the survival of the euro currency. The Italian Treasury raised just €5.7 billion ($7 billion) in bonds from the market, declining to issue the full €6.25 billion initially targeted due to the higher funding costs and despite sufficient demand. The rate it paid for the 5-year bonds rose to

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May 30, 2012