Rome

Spread below 300 after opening at 305.6 for 2013

Yield at 4.40%

Spread below 300 after opening at 305.6 for 2013

Rome, January 2 - The spread between 10-year Italian bonds and their German benchmark opened in 2013 on Wednesday at 305.6 points and continued to drop resting below 300 points at 299.4. The yield is 4.40%. Considered a barometer of Italy's borrowing costs in the eurozone crisis, the spread is down from Monday's 2012 closing at 318. A year ago, the spread was 525 points and 10-year yields were at about 7%.

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