Spread falls below 90 points, first since May 2010 - update

Yield falls as interest in bonds jumps ahead of QE

(ANSA) - Rome, March 6 - The spread between Italy's 10-year bond and its German counterpart fell below 90 basis points Friday for the first time since May 2010. The spread touched 89.7 basis points as the interest rate on the 10-year BTP dipped as low as 1.27%. Interest in European bonds has increased ahead of the European Central Bank's massive-bond buying program which begins Monday. Additional details on the quantitative easing (QE) plan, which involves about 60 billion euros in monthly bond purchases for 18 months, were released on Thursday.
   

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