Spread closes 6 pts down on 222
Lowest since July 201110 December, 18:23
A narrower spread indicates greater investor confidence in the Italian economy and Rome's ability to pay down its huge debt.
Analysts said the markets were responding to firmer prospects of political stability ahead of a confidence vote in Italy's new right-left government Wednesday. The Milan bourse closed 0.27% down amid mostly slight loses across Europe.
London was 0.55% down, Frankfurt 0.88%, Paris 1.04% and Madrid 0.52% down.
Athens bucked the trend with a 1.50% gain.