October 22, 2018 / 10:33 AM / 2 months ago

Italy 2-yr yield drops further after govt says won't expand deficit further

LONDON, Oct 22 (Reuters) - Italy’s short-dated bond yields extended falls on Monday after the Italian Treasury said it did not intend to further expand the budget deficit in 2020 and 2021.

Italy’s 2-year bond yield slipped eight basis points after the Treasury statement, touching a two-week low of 1.38 percent and down 23 bps on the day. Five-year yields were down 26 bps on the day at 2.73 percent. (Reporting by Abhinav Ramnarayan; editing by Sujata Rao)

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