Spread continues to narrow, down to 242 points

Positive trend hints at better times for Italy

Spread continues to narrow, down to 242 points

Rome, August 13 - The spread between Italian 10-year bonds and the benchmark German Bund continued to narrow Tuesday to 242.2 basis points after reaching a two-year low to start the week. The yield, an equally important indicator of investor confidence in Italy's ability to pay off its debt and emerge from economic crisis, was down to 4.149% in early trading. The spread on Monday closed at 245.5 points. It was more than double that when then-premier Silvio Berlusconi was forced to step down in November, 2011 as fears of a Greece-style financial meltdown loomed.

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