The spread between Italian and
German 10-year bond yields, a gauge of Italy's borrowing costs
and of market confidence in the Italian economy, closed five
points up on 170 points Monday, with the yield up 0.05% to
2.096%.
The rise came after ECB chief Mario Draghi said the central
bank would continue its monetary policy, and a day after German
Chancellor Angela Merkel was returned with a smaller vote amid
the first postwar entry into the Bundestag of a far-right party,
AdF.
The lower the spread is, the better it is for the Italian
economy and debt-servicing costs.
The spread rose above 200 points earlier this year on EU
populist fears.
ALL RIGHTS RESERVED © Copyright ANSA