Rome

Spread climbs, market falls amid political uncertainly

Milan stock exchange loses 1.25%, bond spread approaches 450

Spread climbs, market falls amid political uncertainly

(see related story on Berlusconi) Rome, October 29 - Italy's bonds came under pressure and the Milan stock exchange suffered significant losses in early trading on Monday amid concerns about political instability after Silvio Berlusconi threatened to bring down Premier Mario Monti's emergency government at the weekend. The spread between 10-year Italian bonds and the German benchmark climbed to 448 points with a yield of 4.98% after closing at 336 points on Friday. The yield spread is an important barometer of Italy's borrowing costs and of investor confidence in the country's ability to weather the eurozone crisis. The Milan stock exchange's FTSE Mib index, meanwhile, shed 1.25% of its share value.

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