Domenica, 23 Settembre 2018

Spread falls to 288 points, shade above Monti goal


Rome, January 2 - The spread between Italian 10-year
bonds and the German benchmark, the key gauge of market
confidence in Italy's ability to pay down its huge debt, fell to
288 points Wednesday.
The outgoing government led by Premier Mario Monti had set
287 points as a landmark policy goal - exactly half the level
the spread was at when Monti took over from Silvio Berlusconi
with Italy at the centre of the eurozone debt crisis in November
The yield Wednesday was 4.33%, its lowest since December
When economist and former European commissioner Monti took
the helm from Berlusconi the yield was stuck at the long-term
unsustainable mark of 7%.

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