Spread closes 11 down on 233 points

(ANSA) - Rome, September 25 - The spread between Italy's 10-year BTP bond and the German Bund closed down 11 points on 233 basis points on Tuesday, with the yield on the BTP down 0.04% to 2.87%.
    The spread closed on 244 points on Monday.
    The financial markets are paying attention to negotiations within the government on the budget and reports that a compromise could be reached that would see the deficit-to-GDP ratio kept under the 2% threshold.
    The spread is a gauge of investor confidence in Italian debt.
    The lower the spread is, the better it is for the Italian economy and debt-servicing costs.
    The spread rose above 300 points in May amid fears of a possible Euroskeptic government forming in Italy.
    The new government has stressed it does not want to leave the euro.