Milan bourse down, spread hits 315 points

The index FTSE Mib fell back and was 0.1% down late morning.
Milan bourse down, spread hits 315 points
09 October 14:20 2018 Print This Article

 

After a positive start to the day, Italy’s bond spread came under renewed pressure and the Milan stock exchange dropped into negative territory amid tension about the government’s budget plans.

The spread between Italy’s 10-year BTP bond and the German Bund climbed to 315 basis points – the highest level since April 2013.

The yield on the BTP was up to 3.7%.

The spread had dipped under the 300-points mark at the opening of the day’s business after closing on 304 points on Monday.

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