(ANSA) - Rome, October 19 - The spread between Italian and
German 10-year bonds surged and the Milan bourse dropped one day
after the European Commission's letter saying Italy's budget
deviation for next year was unprecedented.
The spread hit 337 basis points, a new high since March 2013.
The yield was up to 3.77%, its highest since the start of
2014.
The Milan bourse was 0.8% down.
Spread up, bourse down after EU letter
Spread nears 340, bourse down 0.8%