Rome, November 28 - The spread between Italian and German 10-year bonds surged to 192 basis points, its highest since March 2014, amid fears of a No victory in the December 4 Constitutional reform referendum. The yield was 2.11%. The spread, a gauge of market confidence in the Italian economy and of Italy's borrowing costs, has been rising lately as investors fear a defeat for Premier Matteo Renzi's overhaul of Italy's political machinery may spark political and economic upheaval.
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