(ANSA) - Rome, August 9 - The spread between Italy's 10-year BTP bond and the German Bund leaped up to 240 basis points on Friday after League leader and Deputy Premier Matteo Salvini said he was pulling the plug on the government.
The spread, an important measure of Italy's borrowing costs, closed on 209 points on Thursday.
The yield on the BTP rose from 1.53% Thursday to 1.82% on Friday. The Milan stock exchange felt the effects too, with the FTSE Mib index closing 2.48% down on 20,324 points, with around 15 billion euros' worth of share capitalization going up in smoke.
Bond spread soars, Milan bourse plunges amid govt crisis
Around 15 bn euros in capitalization goes up in smoke