Milan

Spread on 10-year bonds slips below 300

Yield down at markets' opening to 4.25%

Spread on 10-year bonds slips below 300

Milan, April 17 - The spread between Italian and German debt, an indicator of investor confidence in Italy's ability to deal with the euro crisis, slid below 300 on Wednesday morning to land at 295. The spread has mostly hovered above the psychologically important 300-basis-points mark since February's inconclusive national election, when it shot up to over 340 points. After European markets opened on Wednesday, the yield settled at 4.25%, slightly lower than Monday's close of 4.33% and Tuesday's at 4.31%.

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