Italy: Spread drops back below 450 mark
Rome - ANSA
The yield spread between 10-year Italian bonds and benchmark German bund dropped back down to 438 points on Wednesday after crossing the 450-point mark in early trading. The spread, an indicator of market confidence in Italy's ability to weather the eurozone crisis, has been hit by market uncertainty after talks on forming a new government in default-threatened Greece failed this week. The spread closed at around 440 points on Tuesday, having started the week close to 400. The yield itself dropped to 5.86% after reaching 6% earlier on Wednesday.
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