Milan

Spread creeps up to 250

Investor confidence waning in week marked by banking losses

Spread creeps up to 250

Milan, August 21 - The spread between 10-year Italian bonds and the benchmark German bund crept back up to 250 points in early trading Wednesday. The measure, which gauges investor confidence in Italy's ability to wether its recession, is still less than half what it was at the end of 2011, when alarming market indicators forced Silvio Berlusconi to step down as premier during a peak in the euro crisis. The spread had been steadily narrowing until the start of the week, marked by significant losses in the Italian banking sector.

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