Yield on 10-year Italian bond lowest since 2006
Drop follows successful one-year BOT auction12 February, 11:52
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.
Wednesday's fall in the 10-year bond yield came after a successful Treasury auction of one-year BOT bonds.
The Treasury sold eight billion euros' worth of BOTs at an average interest rate of 0.676%, an all-time low and down from 0.735% at a sale in January.