Martedì, 23 Ottobre 2018

Bond spread fall sign of new market confidence says Grilli


Brussels, December 4 - The fall in the yield spread
between Italian ten-year bonds and the German benchmark
equivalent is a sign of newfound market confidence in the euro
and in Italy, Italian Economy Minister Vittorio Grill said on
The drop in the spread ''is due to a combination of
factors, the European Union and Italy are honouring their
commitments and so there is a positive judgement by the markets
which have renewed confidence in the euro and in Italy,'' he
The spread between the Italian Btp and the German Bund
hovered around the psychologically important 300-points mark on
Technocrat Premier Mario Monti has said his aim is to bring
the differential down to 287 basis points, exactly half what it
was in November 2011 when he was brought in to replace Silvio
Berlusconi and salvage the struggling economy, before his term
ends in early spring.

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