9/13 Italian Bond Auction: Burnt pizza and bad results; record 5.60% yield

By John Galt
September 13, 2011 – 05:30 ET

So much for the ChiComs bailing another PIIGS nation out.

Results from today’s Italian  bond auction:

Yield results were 5.60%, highest on record with a horrid 1.27 bid to cover.

But don’t worry, the results are transitory and the situation is contained to Europe.

For now.

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