EURO GOVT-Italian yields fall, helped by ECB backstop

LONDON, March 5 Tue Mar 5, 2013 4:40am EST

Related Topics

LONDON, March 5 (Reuters) - Italian 10-year yields fell on Tuesday as some yield-hungry investors bought the cheapened debt with the European Central Bank's backstop offsetting concerns about potential fresh elections in the country.

Italian 10-year yields were last 12 basis points down on the day at 4.75 percent, within the range that has prevailed since Italy's elections last weeek resulted in a hung parliament, raising the risk of a prolonged political impasse or fresh polls.

The German Bund future fell 40 ticks on the day to 145.11 as Italian bonds recovered some ground.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article