The spread between Italian and
German 10-year bonds surged and the Milan bourse dropped one day
after the European Commission's letter saying Italy's budget
deviation for next year was unprecedented, and after a
government row over a tax amnesty.
The spread hit 340 basis points, a new high since March 2013.
The yield was up to 3.78%, its highest since the start of
2014.
The Milan bourse was 1.4% down.
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