Lunedì, 24 Settembre 2018
ROME

Italian spread dips two points but remains high

English
© ANSA

Rome, December 11 - The spread between 10-year
Italian bonds and the German benchmark dropped two basis points
after the opening of trading on Tuesday but remained high at 349
points with a yield of 4.78%.
The spread, a key measure of Italy's borrowing costs and of
investor confidence, shot up 28 points on Tuesday after Premier
Mario Monti said at the weekend he would resign when the 2013
budget law is approved.
The announcement came after ex-premier Silvio Berlusconi's
People of Freedom (PdL) party said it had stopped backing
Monti's administration and the media magnate said he would run
for a fourth term at the helm of government in upcoming
elections.
The Milan stock exchange was flat in early trading Tuesday,
edging down just 0.03%, after its FTSE Mib index lost 2.2% of
its share value in Monday's turmoil.

© Riproduzione riservata

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