August 28, 2019 / 10:58 AM / 2 months ago

Italy's 10-year bond yield slides to record low as country edges closer to new govt

LONDON, Aug 28 (Reuters) - Italy’s 10-year bond yield fell to a record low on Wednesday as the country’s borrowing costs tumbled on growing hopes that a new government will soon be formed, and new elections averted.

It fell to as low as 1.025%, down 11 basis points on the day, pushing the gap over Germany’s 10-year bond yield to 173 bps, its tightest since May 2018.

Tense talks aimed at forming a new Italian government inched forward on Wednesday as two major political parties, struggling to bury years of hostility and avoid snap elections, agreed to re-install Giuseppe Conte as prime minister.

Reporting by Dhara Ranasinghe and Yoruk Bahceli; Editing by Tommy Wilkes

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below