Milan bourse down, spread hits 310

Early gains for FTSE Mib index reversed

(ANSA) - Milan, October 9 - After a positive start to the day, Italy's bond spread came under renewed pressure and the Milan stock exchange dropped into negative territory amid tension about the government's budget plans.
    The spread between Italy's 10-year BTP bond and the German Bund climbed to 310.7 basis points. The yield on the BTP was 3.66%. The spread had dipped under the 300-points mark at the opening of the day's business after closing on 304 points on Monday. The Milan stock exchange's FTSE Mib index gained 0.6% early on.
    But the index fell back and was 0.1% down late morning.