The spread between Italy's
benchmark 10-year bond and its German counterpart reached its
lowest point in more than four years on Friday.
The spread between Italian Btps and the German Bund
narrowed to 118 basis points, a low not seen since May 2010.
It closed trading Thursday at 126 basis points.
The Italian 10-year bond was selling at an interest rate of
1.95%, below Thursday's close of 2.03%.
The spread often provides an indication of investor
confidence in the Italian economy, especially as compared with
the generally more secure German market.
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