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The spread between Italian and German
10-year bond yields, a mark of investor confidence in Italy, on
Friday rose four points to 154 basis points, its highest since
September 2020, on ECB chief Christine Lagarde's not ruling out
a rate hike to tamp down surging inflation this year.
The yield on the BTP rose to a level not seen since May 2020,
1.73%, from 1.63% at Thursday's close.
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