Spread closes down 3 on 176 (2)

Yield edges down to 2.13%

(ANSA) - Rome, May 17 - The spread between Italian and German 10-year bond yields, a gauge of Italy's borrowing costs and of market confidence in the Italian economy, closed down three points on 176 points Wednesday, compared to 179 at Tuesday's close, with the yield down 0.10% to 2.13% from 2.23% Tuesday.
    The lower the spread is, the better it is for the Italian economy and debt-servicing costs.
    The spread rose above 200 points recently on EU populist fears.
   

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