The spread between Italian and
German 10-year bond yields dipped below 240 points, to 238.7,
for the first time since March after European Central Bank chief
Mario Draghi said QE might still be used to lift the eurozone
economy Tuesday.
The spread closed six points down on 254 basis points Monday
with the yield on the BTP falling to 2.29%.
The spread rose as high as 330 at the end of November amid a
budget standoff with the EU, which saw Italy eventually climb
down and lower its planned deficit from 2.4% to 2.04% this year.
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