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Spread drops as Ukraine tensions lessen

Down from 190 to 187

04 March, 10:28
Spread drops as Ukraine tensions lessen (ANSA) - Rome, March 4 - The yield spread between Italian 10-year bonds and their ultrasafe German equivalents fell to 187 points Monday from Friday's close of 190 amid hopes Russia and Ukraine may be pulling back from all-out war and an IMF aid package to Kiev may be released despite Moscow's intervention in Crimea.

The yield was 3.45%.

The spread is a gauge of market confidence in Italy's ability to pay down its vast debt and tackle its economic problems.