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Italian bond spread drops below 180 points

Returns to level of November 2010

05 March, 13:55
Italian bond spread drops below 180 points (ANSA) - Rome, March 5 - The spread between the Italian 10-year-old BTP bond and the German bund returned to the level of November 2010 on Wednesday when it dropped below the 180-basis-points mark to 176.4 with a yield of 3.385%.

The bond spread is an important measure of investor confidence in Italy and of the country's borrowing costs.

Italy risked a Greek-style financial meltdown late in 2011 when the spread went over 500 points with yields above 7%. The country's borrowing costs have come down since Premier Matteo Renzi's new government was sworn in last month.