Spread edges down after EU deal

Summit expected to rubber-stamp ECOFIN agreement

Spread edges down after EU deal

Rome, June 28 - The yield spread between Italian and German 10-year bonds edged down Friday after a European Union financial ministers' (ECOFIN) deal, expected to be rubber-stamped by a summit in Brussels, to help banks and shore up the eurozone. The spread, a gauge of market confidence in Italy's ability to pay down its huge national debt, opened at 281.7 points compared to 284 at Thursday's close. The yield was a shade down, at 4.5%

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