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Italy's State bonds come under pressure

BTP-Bund spread approaches 250 basis points

Redazione Ansa

(ANSA) - ROME, SEP 27 - Italy's State bonds came under pressure on the money markets on Tuesday as investors wait to see how the incoming government will handle the public finances following the victory of the right coalition in Sunday's general election.
    The spread between the 10-year BTP bond and the German Bund came close to 250 basis points, rising to 249.3, up seven points on Monday's closing value.
    The yield on the 10-year BTP was up six basis points to 4.6%.
    The two-year BTP's yield rose 11 points to 3.23% and the five-year BTP's was up 10 points to 4.13%, compared to 2.54% and 3.96% respectively for Greece's State paper. (ANSA).
   

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