The spread between Italy's 10-year
BTP bond and the German Bund dropped below the 140-basis-points
mark on Tuesday for the first time since August, falling to 138
points.
The spread, a key indicator of investor confidence and a measure
of Italy's borrowing costs, may have benefitted from the outcome
of a referendum on cutting the number of lawmakers and a round
of regional elections that were seen as strengthening Premier
Giuseppe Conte's government.
The yield on the BTP was down to 0.869%.
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