Italy's spread nudges up to 253 basis points
Yield on 10-year bonds hovers at 4.4%27 August, 10:13
The yield on the 10-year paper opened at 4.4%, a fraction above Monday's close at 4.38%.
The spread between lending rates in the two countries is seen as an indication of investor faith in the Italian economy and its ability to cope with a lingering recession.
Milan's top stock exchange plunged dramatically Monday amid investors' fears that Italy's fragile coalition government could collapse over a controversy involving ex-premier Silvio Berlusconi.