Yield on Italian 10-year bond hits new euro-era low

BTPs trade at 3.09%, well below 2011 peak rates of 7.17%

(ANSA) - Rome, April 16 - The yield on Italian 10-year bonds touched a new low of 3.095% during trading Wednesday, levels not seen since the birth of the euro in 1999.
    The falling yield on the 10-year BTP helped to reduce its spread with the equivalent German Bund to 161 basis points early Wednesday afternoon.
    The spread soared above 500 basis points in November 2011 as the yield at that time on Italian BTP peaked at about 7.17%.


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