Rome

Spread narrows to 378

Markets boosted by ECB's bond-buyout plans

Spread narrows to 378

(ANSA) - Rome, September 6 - The spread between Italian 10-year bonds and the German benchmark bund narrowed to 380 points following a clutch meeting at the European Central Bank Thursday. The spread, an important indicator of investor confidence in Italy's ability to weather the euro crisis, was 378 points with a falling yield of 5.33% in late trading. It closed more than 20 points higher on Wednesday. Market confidence seemed to be boosted by ECB President Mario Draghi, who announced Thursday that the central bank was ready to buy "unlimited" amounts of bonds to help countries whose borrowing costs are unfairly high because of speculation.

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