Bond spread back down to same level as Spain's
First time since August, difference stood at 195 points in Dec'02 March, 20:00
The yield on Treasury BTP bonds briefly dropped below that for the Spanish Bonos for the first time since August before closing the day level.
The 10-year BTP and the Bonos both closed with a spread of 310.7 points with respect to the benchmark German bund and a yield of 4.91%.
On December 30 the spread between 10-year Italian and Spanish bonds reached a record high of 195 points, with yields of 7.06% and 5.11% respectively.
The bond spread is considered an important indicator of the financial markets' confidence in Italy's ability to withstand the eurozone crisis.