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Yield on 10-year Italian bond drops to 8-year low

Spread close to 200 basis points

07 February, 16:44
Yield on 10-year Italian bond drops to 8-year low (ANSA) - Rome, February 7 - The yield of the 10-year BTP Italian State bond dropped to its lowest level in almost eight years on Friday. The yield on the 10-year bond fell below 3.7%, the lowest since March 2006. The spread between the 10-year BTP and the German equivalent, a key indicator of investor confidence, came down to almost 200 basis points. The spread went over 500 points with yields of above 7%, levels considered unsustainable in the long term, when Italy risked a Greek-style financial meltdown at the peak of the eurozone debt crisis in 2011.

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