Domenica, 21 Ottobre 2018
ROME

Spread drops to 269 amid govt-formation hopes

English
© ANSA

Rome, April 23 - Pressure on Italian bonds eased
further Tuesday amid hopes Italy is heading towards a new
government.
The spread between the 10-year Italian bond and the German
benchmark, a key measure of Italy's borrowing costs and of
investor confidence, dropped to 269 basis points with a yield of
3.92% after falling to 288 Monday, down from 297 at Friday's
close.
Giorgio Napolitano's re-election as president Saturday has
boosted hopes Italy will soon have a government after two months
of political deadlock following February's inconclusive general
election.
Napolitano is winding up talks with parties and is expected
to hand out a mandate to try to form a left-right coalition
government late Tuesday.

© Riproduzione riservata

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