The yield on Italy's 10-year BTP
State bond dropped below the 3% mark to a record low of 2.99% on
Tuesday.
The spread between the 10-year BTP and the ultra-safe
German bund, a key measure of Italy's borrowing costs and of
investor confidence, stood at 154 basis points, the lowest level
since May 2011.
Italy risked a Greek-style financial meltdown later that
year when the spread went over 500 points with yields above 7%.
The country's borrowing costs have been falling since
Premier Matteo Renzi unseated his Democratic Party colleague
Enrico Letta in February and took the helm of government
promising to revive the economy and reform the country's slow
and expensive political system
ALL RIGHTS RESERVED © Copyright ANSA
