Mercoledì, 19 Settembre 2018
ROME

Spread on 10-year bonds closes at 283 basis points

English
© ANSA

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 - closed
Wednesday at 283 basis points.
That was just below a landmark policy goal of a 287-point
spread set by outgoing premier Mario Monti - a figure exactly
half the level of the spread (574) in November 2011, when Monti
took over from Silvio Berlusconi.
At that time, Italy was at the centre of the eurozone debt
crisis, and confidence in the Italian economy was very low.
At close of trading Wednesday, the yield on 10-year Italian
paper fell to 4.27%, its lowest since at least December 2010.
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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