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The bond markets have shown their feelings about Italy's new interim technocrat government led by "Super" Mario Monti...with a resounding...not good enough!
Italy sold $10bn worth of bonds...forced to pay 6.504% on 6 months...and an astounding 7.814% on 2 year bonds.
The difference in rates from an October auction...must be disturbing.
But...putting on a happy face...the c.bank said there was 50% more demand than supply for the bills. It plans to sell $8bn more bonds on Tuesday.
AND: S/P has downgraded Brussels by one notch...to AA from AA+.
http://www.bbc.co.uk/news/business-15898759
