Martedì, 25 Settembre 2018

Italian bond spread climbs back to 300 points


Rome, February 7 - The spread between 10-year
Italian bonds and the German benchmark rose to the
psychologically important 300-basis-points mark on Thursday with
a yield of 4.45%.
The spread is a key measure of Italy's borrowing costs and
of investor confidence.
Analysts have attributed sharp spread rises this week to
concerns about what Italy's political situation will be after
the February 24-25 general election.
The spread started the week at just over 260 points.
Some analysts have suggested the markets are spooked by the
rise in the opinion polls of ex-premier Silvio Berlusconi's
centre-right coalition, which is now around 5% behind Pier Luigi
Bersani's centre-left alliance.
At the weekend Berlusconi said 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
Berlusconi's opponents have accused him of making promises
that are impossible to keep and of trying to 'buy' voters.
The 76-year-old media magnate was forced to resign in
November 2011, when Italy's debt crisis looked in danger of
spiralling out of control and the spread was over 500 points.

© Riproduzione riservata

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