Markets end losing streak

A FALL in Italian bond yields helped some international markets buck a three-day losing streak, yesterday but new concerns over France blocked any real growth.

After rising to what many economists called an “unsustainable” level of 7.4%, on Wednesday, Italy’s borrowing costs reduced slightly, with yields falling to just below the 7% mark.

The country also sold €5 million in short-term treasury bills at a record high interest rate of just over 6% yesterday.