The Italian government borrowed
about 68.6 billion euros in the first nine months of the year -
roughly 7.7 billion euros less than was needed in the same
period last year, the Economy ministry said Wednesday.
Italy has enjoyed reduced borrowing costs this year,
issuing bonds at lower interest rates than seen in recent years.
As well, the spread between Italy's benchmark 10-year bond
and its German counterpart, generally seen as ultra-safe, has
been narrowing, suggesting investor confidence has risen.
Wednesday, that spread closed at 138.5 basis points with
the yield on 10-year Italian bonds at 2.28%.
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