Spread closes under 200 – English

(ANSA) – ROME, OCT 16 – The spread between Italian and German
10-yera bond yields closed under 200 basis points on Monday, at
197.6 points, compared to 202 at Monday’s opening and 203.2 at
Friday’s close after the approval by cabinet of the 2024 budget
bill.

   
The yield on the BTP fell one basis point, to 4.756%.

   
The yield on the 10-year Bund rose 4.7 points to 2.78%.

   
The spread is a gauge of Italy’s borrowing costs on its high
debt. (ANSA).