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Spread closes on 318

Yield 3.59%

Redazione Ansa

(ANSA) - Rome, October 23 - The spread between Italian and German 10-year bond yields, a gauge of investor confidence, closed on 318 points with a yield of 3.59% after the EU rejected Italy's 2019 budget plan.
    In both cases they were the highest since last Friday when the spread hit levels last seen at the start of 2013.
    The European Commission said it had had no alternative but to reject the plan.
   

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