Bond spread drops further amid Draghi govt talks

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(ANSA) – ROME, FEB 5 – The spread between Italy’s 10-year BTP
bond and the German Bund plunged further on Friday, dropping to
94 basis points, amid optimism that Premier-designate Mario
Draghi will be able to form a new government as he talks to the
nation’s political parties.
    The spread has fallen by 18% since President Sergio Mattarella
handed the former head of the European Central Bank a mandate to
try and form a new government after outgoing Premier Giuseppe
Conte’s executive collapsed.
    The yield on the 10-year BTP was down to 0.511%, while the Milan
stock exchange’s FTSE Mib index gained 1.3% in early trading.
    (ANSA).
   

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