Lunedì, 24 Settembre 2018
ROME

Italian bond spread jumps above 330 mark

English
© ANSA

Rome, October 24 - The spread between 10-year
Italian bonds and the German benchmark jumped above the
330-basis-points mark in early trading on Wednesday to reach 334
after opening at 326.
Negative economic data regarding the manufacturing and
services sectors in the eurozone and business confidence in
Germany were seen as contributing to the rise.
The spread is an indicator of Italy's borrowing costs and
an important gauge of market confidence in the country's ability
to service its large public debt.
It had been on a downward trend after the European Central
Bank announced plans to buy the bonds of countries at the centre
of the eurozone crisis that are facing high borrowing costs.

© Riproduzione riservata

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