Mercoledì, 19 Settembre 2018
ROME

Italian-Spanish spread narrows to one point

English
© ANSA

Rome, September 9 - The difference in the spread
levels of the 10-year bonds of Italy and Spain fell to just one
basis point in early trading on Monday.
Italy's spread was consistently significantly lower than
Spain's during the peaks in the eurozone debt crisis in 2011 and
2012, even when Italy's bonds were under extreme pressure, as
Spain's financial plight was considered worse than Italy's.
But the gap has narrowed in recent months after the crisis
was apparently brought under control and it is now close to
parity, as the Italian 10-year BTP had been hit by uncertainty
over the future of Premier Enrico Letta's left-right government.
In early trading Monday, the 10-year BTP's spread with the
benchmark German bund stood at 254 points, while the Spanish
bond's spread with the bund was 255.
The spread is a key measure of a country's borrowing costs
and of investor confidence.

© Riproduzione riservata

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