Rome

Spread opens down a tad

284 basis points, yield 4.43%

Spread opens down a tad

Rome, July 12 - The spread between Italian and German 10-year bonds, a gauge of investor confidence in Italy, opened slightly down Friday compared to Thursday's close. The spread was hovering around 284 basis points while the yield was 4.43%. Markets have largely ignored this week's downgrade from S&P of its rating on Italian debt from BBB+ to BBB, two notches above junk status.

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