Spread drops to record low of 96 basis points

(ANSA) - Rome, March 2 - The spread between Italy's benchmark 10-year bond and its ultra-safe German counterpart reached a record low of 96 basis points in trading Monday.
    The yield on Italy's 10-year paper traded at 1.3%.
    The spread between lending rates in the two countries is an important indication of investor faith in the Italian economy.
    Also on Monday, the spread between Greek and German 10-year bonds was 893 basis points with the yield on Greece's 10-year paper trading at 9.2%.