Italy's State bonds came under
pressure on the money markets on Tuesday as investors wait to
see how the incoming government will handle the public finances
following the victory of the right coalition in Sunday's general
election.
The spread between the 10-year BTP bond and the German Bund came
close to 250 basis points, rising to 249.3, up seven points on
Monday's closing value.
The yield on the 10-year BTP was up six basis points to 4.6%.
The two-year BTP's yield rose 11 points to 3.23% and the
five-year BTP's was up 10 points to 4.13%, compared to 2.54% and
3.96% respectively for Greece's State paper.
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