Giovedì, 18 Ottobre 2018

Bond spread narrows between Italian, German debt


Rome, April 17 - The spread narrowed during midday
trading Wednesday between Italy's benchmark 10-year bond and its
safer German counterpart.
At just 297 points, the spread was tightened despite a
successful German bond auction that saw the rate on its 10-year
bonds fall to a record low of 1.28%.
Meanwhile, the yield on Italy's 10-year paper also slipped
to 4.23%, the lowest level seen since February 25 when the
Italian general-election results started coming in.
The spread between lending rates in the two countries is
seen as an indication of investor faith in the Italian economy
and its ability to cope with a lingering recession.
Investors in Italian debt sent a strong signal of
confidence in its economy on Tuesday when, for the second day in
a row, they snapped up an entire offer of special bonds worth
some eight billion euros.
On Monday, the entire offering of nine billion euros was
subscribed, leaving the two-day total for the sale - whose
deadline was brought forward one day amid booming demand - at 17
billion euros.

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