Sovereign debt under pressure - Il Foglio
Source: Il Foglio
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DW NOTE
Il Foglio notes sovereign debt pressure while the 10-year Treasury yield has climbed 27% year-over-year to 5.31% and the US is running a $1.4 trillion deficit through June. Italy's debt-to-GDP ratio is 137% — sixth highest globally — and every 100 basis points in yield costs Rome an additional €25 billion annually in interest payments it does not have.
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