Giovedì, 18 Ottobre 2018
ROME

Italian spread falls towards 330 after successful auction

English
© ANSA

Rome, December 12 - The spread between 10-year
Italian bonds and the German benchmark slid towards the
330-basis-points mark on Wednesday after a successful auction of
state paper.
The spread, a key measure of Italy's borrowing costs and of
investor confidence, spiked above 360 points before closing at
351 on Monday after Premier Mario Monti announced at the weekend
he would quit when the 2013 budget law is approved.
The announcement, which came after Silvio Berlusconi's
People of Freedom (PdL) party withdrew its support and the
ex-premier said he would stand for office again, sparked concern
about whether Italy would continue with Monti's policies of
economic reform and fiscal discipline.
But some calm now seems to have returned to bond markets.
The spread dropped to 340 points on Tuesday with a yield of
4.72%.
It fell further, to 333 points with a yield of 4.68%, on
Wednesday after the Treasury said 12-month bonds dropped to an
eight-month low in an auction in which 6.5 billion euros worth
of state paper was sold.
The average interest rate set was 1.456%, the lowest since
March.
The rate was 1.762% at a similar auction in November.

© Riproduzione riservata

* Campi obbligatori

Immagine non superiore a 5Mb (Formati permessi: JPG, JPEG, PNG)
Video non superiore a 10Mb (Formati permessi: MP4, MOV, M4V)

X
ACCEDI

Accedi con il tuo account Facebook

Login con

Login con Facebook
  • Seguici su
X