The spread between Italy's 10-year
BTP bond and the German Bund continued to soar on Tuesday amid
massive uncertainty about the political situation.
After closing on 233 basis points on Monday, the spread
climbed to 300 points in early trading with a yield of over 3%,
the highest since June 2014.
The spread between Italy's two-year BTP and the German
equivalent rocketed to 262 points, with a yield of 1.84%,
compared to 0.67% on Friday.
The Milan stock exchange's FTSE Mib index, meanwhile, plunged
by 3% to 21,273 points.
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