The spread between Italy's 10-year
bond and its German counterpart fell below 90 basis points
Friday for the first time since May 2010.
The spread touched 89.7 basis points as the interest rate
on the 10-year BTP dipped as low as 1.27%.
Interest in European bonds has increased ahead of the
European Central Bank's massive-bond buying program which begins
Monday.
Additional details on the quantitative easing (QE) plan,
which involves about 60 billion euros in monthly bond purchases
for 18 months, were released on Thursday by Mario Draghi,
president of the ECB.
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