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Italian-German bond spread drops to 248 points

Lowest since July 2011

11 January, 15:48
Italian-German bond spread drops to 248 points (ANSA) - Rome, January 11 - For the first time since July 2011, the spread between Italian and German bonds dropped to 248 basis points Friday. Yields on Italian 10-year bonds fell to 4.08%, their lowest since autumn 2010.

The spread is a key measure of Italy's borrowing costs and of investor confidence in the country's ability to weather the eurozone crisis.

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