The spread between Italian and
German 10-year bond yields rose five points to 160 on
higher-than-expected German inflation data of 1.7% Tuesday.
The rise, expected to fuel an inflation bump across the
eurozone, fuels the argument of fiscal hawks that the European
Central Bank's quantitative easing (QE) programme should be
eased.
The spread, a gauge of confidence in the Italian economy,
fell as low as 153.4 before the data were released, from 155 at
Monday's close.
The yield rose to 1.87%.
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