The spread between Italy's
benchmark BTP bond and its ultra-safe German counterpart closed
out the year Wednesday at 124 basis points, down 37% from 203
points at the beginning of 2014.
The yield on Italy's 10-year paper ended trading at a new
all-time low of 1.82%.
The spread is a key measure of Italy's borrowing costs and
of investor confidence in the country's ability to weather the
eurozone crisis.
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