Rome

Italian bond spread drops under 300-points mark

Pressure on state paper eases despite political impasse

Italian bond spread drops under 300-points mark

Rome, April 11 - The spread between the 10-year Italian bond and the German benchmark fell below the psychologically important 300-basis-points mark on Thursday despite the ongoing political deadlock in Rome. The spread, a key measure of investor confidence and of Italy's borrowing costs, shot up to over 340 points immediately after February's inconclusive election. But the pressure has eased since even though the political impasse does not look close to coming to an end. The spread, which closed at 300 points on Wednesday, dropped to 299 points with a yield of 4.3% in early trading Thursday.

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