Italian bond yields finally head lower

Italian borrowing costs continued to ease Friday, giving investors hope that Italy is finally starting to make some progress toward addressing its massive debt problems.

Yields on Italian 10-year bonds were trading at 6.5% Friday, after dipping as low as 6.43%. While that's still stubbornly above 6%, it's finally moving in the right direction.

A big part of that is thanks to the European Central Bank's recent bond buying efforts and two decent auctions.

The ECB won't say how much it bought until Monday, when it releases its weekly bond buying report. Last week, the central bank bought a total of €9.5 billion of bonds, according to its website, though it doesn't specify which countries issued the bonds.

Read Full Article from CNNMoney

- Posted: 2011-11-11 11:52:06

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