Bloomberg News

Italian, Spanish Notes Stay Higher as ECB Keeps Key Rate at 1%

January 12, 2012

Jan. 12 (Bloomberg) -- Italian and Spanish notes stayed higher after the European Central Bank kept its benchmark interest rate at a record low of 1 percent, as predicted by 47 of 53 economists surveyed by Bloomberg News.

The yield on Italian two-year notes fell 57 basis points to 4.15 percent at 12:49 p.m. London time. Rates on similar- maturity Spanish debt dropped 20 basis points to 2.90 percent.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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