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.
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