Sabato, 22 Settembre 2018
ROME

Spread climbs, market falls amid political uncertainly

English
© ANSA

(see related story on Berlusconi)
Rome, October 29 - Italy's bonds came under
pressure and the Milan stock exchange suffered significant
losses in early trading on Monday amid concerns about political
instability after Silvio Berlusconi threatened to bring down
Premier Mario Monti's emergency government at the weekend.
The spread between 10-year Italian bonds and the German
benchmark climbed to 448 points with a yield of 4.98% after
closing at 336 points on Friday.
The yield spread is an important barometer of Italy's
borrowing costs and of investor confidence in the country's
ability to weather the eurozone crisis.
The Milan stock exchange's FTSE Mib index, meanwhile, shed
1.25% of its share value.

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