Italy BTP spread to bund narrows after rescue package

MILAN | Mon May 10, 2010 2:27am EDT

MILAN May 10 (Reuters) - The yield gap between Italian 10-year BTP bonds and German Bunds narrowed to 142 basis points on Monday after the weekend announcement of a bumper rescue package aimed at shoring up confidence in European markets.

The spread had been at 164 basis points on Friday.

(Reporting by Stephen Jewkes)

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