Giovedì, 18 Ottobre 2018
ROME

Italian bond spread yo-yos in early trading

English
© ANSA

Rome, February 5 - The spread between the 10-year
Italian bond and the German benchmark yo-yoed in early trading
on Tuesday after climbing sharply Monday amid market concern
about possible political uncertainty following this month's
elections.
The yield spread, a key measure of Italy's borrowing costs
and of investor confidence in the country, shot up by over 20
points to close at 285 on Monday.
Many analysts said the recent rise in the polls of Silvio
Berlusconi's centre-right coalition has spooked the markets
after the ex-premier said at the weekend he wanted to scrap the
new property IMU tax introduced by the emergency technocrat
government of outgoing Premier Mario Monti.
Berlusconi also said taxpayers would be refunded the IMU
they paid last year if the centre right wins the February 24-25
election.
According to some polls, the centre right has pulled within
4% of Pier Luigi Bersani's centre-left coalition.
After the opening of trading on Tuesday the spread climbed
to 293 points, but then it eased back to 287 with a yield of
4.48%.

© Riproduzione riservata

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