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Italy's CDS risk level climbs above Spain's

Inconclusive election raises investors' concerns

27 February, 14:17
Italy's CDS risk level climbs above Spain's (ANSA) - Rome, February 27 - The risk level of Italian bonds, as measured by credit-default swaps (CDS) insuring them, climbed above that of Spain's on Wednesday, amid political uncertainty after the nation's general election failed to produce a clear winner.

The Italian CDS level rose to 291 basis points, compared to 290 for Spain's.

The spread between 10-year Italian and Spanish bonds, another measure of investor confidence, remained in Italy's favour, although it dropped to 45 basis points, the lowest level since May 2012.

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