Rome

Spread between German, Italian bonds dips below 320 points

Bond spread falls well below earlier peaks driven by uncertainty

Spread between German, Italian bonds dips below 320 points

Rome, December 17 - The spread between Italy's benchmark 10-year bond and its German equivalent slipped below 320 basis points with a yield of 4.55% on Monday. In early afternoon trading, the spread fell to 317 points - well below the recent high of 360 basis points reached earlier this month after Premier Mario Monti announced plans to resign when his 2013 budget law is approved. The spread between what Italy's government must pay to lure investors and what the highly respected German administration offers on its bonds is a strong measure of investor confidence in the outlook for Italy's economy.

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