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Italy 10-year bond yields jump to 4.73 pct on political chaos
September 30, 2013 / 7:00 AM / in 4 years

Italy 10-year bond yields jump to 4.73 pct on political chaos

MILAN, Sept 30 (Reuters) - Italy’s bond yields soared on Monday amid political chaos after ministers in Silvio Berlusconi’s centre-right party pulled out of the governing coalition headed by Prime Minister Enrico Letta.

Rome’s 10-year bond yields rose by 31 basis points to 4.73 percent while the spread versus German Bunds widened to 304 basis points, hitting the widest since end-June.

On Sunday night Letta said he would go before parliament on Wednesday for a confidence vote with the aim to avoid snap elections.

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