Venerdì, 21 Settembre 2018

Italian bond spread returns to April levels


(ANSA) - Rome, October 17 - The spread between 10-year
Italian bonds and the German benchmark dropped to the lowest
level since April in early trading on Wednesday, as concerns
about contagion from Spain eased, with Madrid seen as close to
asking for a bailout.
The spread dropped to 321 basis points, after closing at
339 on Tuesday, before edging up slightly to 325 points with a
yield of 4.82%, the lowest since March.
The spread is an important barometer of Italy's borrowing
costs and of investor faith in the country's ability to weather
the eurozone crisis.
The European Central Bank helped relieve the pressure last
month when it announced plans to buy the bonds of countries at
the centre of the eurozone crisis that are facing high borrowing
Maria Cannata, the Italian treasury's director-general of
public debt, said that Tuesday's yield of 4.9% was "sustainable"
in the long term before adding that he believed the Italian
spread "could go down to 200 points".

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