Bond spread dips under 250 points

(ANSA) - Rome, January 16 - The spread between Italy's 10-year BTP bond and the German Bund on Thursday dropped below the 250-basis-points mark to 248.5, the lowest level since September. The spread, a key indicator of investor confidence and measure of Italy's borrowing costs, was frequently over the 300 points mark before the government and the European Commission reached an agreement to avert an infringement procedure over the 2019 budget law.