(ANSA) - ROME, SEP 28 - Italy's State bonds came under more
pressure on the money markets on Wednesday as investors wait to
see how the incoming government will handle the public finances
following the victory of a rightwing coalition in Sunday's
general election.
The spread between the 10-year BTP bond and the German Bund rose
above 250 basis points, rising to 258, up almost eight points on
Tuesday's closing value.
The yield on the 10-year BTP was up another two basis points to
4.90%.
Mario Draghi's outgoing government is meeting Wednesday
afternoon to look at an update to the government's DEF economic
blueprint (NADEF).
Draghi's office on Wednesday denied a newspaper report that he
was liaising with likely next premier Giorgia Meloni of the hard
right Brothers of Italy (FdI) party over Italy's financial and
international commitments. (ANSA).
Italy's State bonds come under more pressure
Spread up to 258 pts, yield up to 4.9%