The Marvelous Decline In Italian Borrowing Costs
Jan 11, 2013, 16:11 IST
Italy is rapidly becoming "core" Europe, by which we mean, a country seen as having very little sovereign risk anymore.
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Borrowing costs continue to plunge, even in just the last few days.
Here's a beautiful 5-year chart of yields on the Italian 2-year. Not only are they close to the lows for the period, they've had a nice job in recent days.
