Yield on 10-year bond drops to euro-era low
Drops to 3.15%, spread under 160 points, lowest since June 201104 April, 17:01
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 been falling since Premier Matteo Renzi unseated his Democratic Party colleague Enrico Letta in February and took the helm of government promising to revive the economy and reform the country's slow and expensive political system.