EURO GOVT-Italy downgrade hits BTP futures, boosts Bunds
LONDON, March 8 |
LONDON, March 8 (Reuters) - Italian bond futures fell and German ones pared losses after credit rating agency Fitch downgraded Italy to BBB-plus from A-minus, citing political uncertainty.
German Bund futures climbed to 142.73 after the downgrade, from around 142.45 earlier, but remained some 10 ticks lower on the day.
Italian BTP futures fell to a low of 108.48, down 73 ticks on the day.
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