EURO GOVT-Italian yields fall, helped by ECB backstop
LONDON, March 5
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.