Rome

Spread between Italian and German bonds continues to drop

Markets anxious for ECB meeting Thursday

Spread between Italian and German bonds continues to drop

(ANSA) - Rome, September 6 - As eurozone members prepare for an anxiously awaited European Central Bank (ECB) policy meeting on Thursday, the spread between Italian and German 10-year bonds continue to sink, opening under 400 at 393.8 basis point. The yield opened down as well at 5.451%. Markets are anxiously awaiting Thursday's policy meeting of the European Central Bank. The ECB is working on drafting a mechanism to buy bonds in the secondary market to lower the borrowing costs of countries with sovereign debt troubles.

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