Domenica, 21 Ottobre 2018

Spread continues to narrow, down to 239.1 points


Rome, August 13 - The spread between Italian 10-year
bonds and the benchmark German Bund continued to narrow
Wednesday to 239.1 basis points from 241.5 at Tuesday's close to
set a new two-year low.
The latest upswing was credited to a bigger-than-expected
rise in German investor confidence Tuesday and confidence that
figures due out Wednesday will show the eurozone is edging out
of recession.
The spread is a key gauge of investor faith in Italy's
ability to pay off its debt and emerge from economic crisis.
The yield was down to 4.21% in early trading, compared to
4.22% at the close of trading Tuesday.
The spread first hit a two-year low on Monday, at 245.5
It was more than double that when then premier Silvio
Berlusconi was forced to step down in November, 2011 as fears of
a Greece-style financial meltdown loomed.

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