Rome

Italian bond spread drops then climbs back above 510 points

Spanish yields yo-yo too

Italian bond spread drops then climbs back above 510 points

(ANSA) - Rome, July 24 - The yield spread between 10-year Italian bonds and the German benchmark dropped sharply after the opening of trading on Tuesday only to climb back above the 510-points mark soon after. The spread, a barometer of Italy's borrowing costs and a key indicator of market confidence in its ability to weather the eurozone crisis, fell as low as 502 points before rising back up to 512. The spread had closed at 516 points on Monday after crossing the 520-mark amid fears Spain may need a bailout. The spread between Spanish 10-year bonds and the German bund stood at 623 points, compared to 632 at the end of trading on Monday.

Lascia il tuo commento

Condividi le tue opinioni su Gazzetta del Sud online

Caratteri rimanenti: 400

Le altre notizie

i più letti di oggi