Mercoledì, 19 Settembre 2018
ROME

Spread between Italian, German bonds continues to drop

English
© ANSA

Rome, August 9 - The spread between Italy's 10-year
BTP bond and the equivalent German Bund narrowed to below 250
basis points for a time on Friday afternoon, its lowest point in
two years.
The interest rate on Italian 10-year paper was 4.20%.
At one point during trading, the spread slipped to 248
points - the lowest level seen since July 2011.
But later in the day, it returned to just above the 250
mark and into territory that has been more common in recent
days.
The spread reflects investor support for the Italian
economy compared with Germany, which is considered more stable.
The narrower spread suggests confidence in the Italian
economy, which should be noted, said Premier Enrico Letta.
He complained that too often, good news is overlooked –
including such positive economic news as narrowing bond spreads.
"I hope that Italian politics has not forgotten the
importance of interest rates and spreads," Letta said.
"I got the impression that (the spread) was discussed so
much in 2011, then as often happens in Italy there was an
overdose and it is not talked about anymore".

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