Spread closes steady on 178 points

IMG class=hide alt=”Spread closes steady on 178 points” src=”http://www.mineralfossil.com/wp-content/uploads/2014/03/wpid-bcb701d52d90cf12939228bb7c2a3725.jpg” (ANSA) – Milan, March 20 – The spread between Italian and German 10-year bonds was steady at a four-year low of 178 points with a yield of 3.42% Thursday amid continued optimism new Premier Matteo Renzi can deliver long-awaited structural reforms. PThe yield spread, the premium investors pay to hold Italian paper rather than ultra-safe AAA-rated Bunds, is a key measure of investor confidence in the Italian economy and the government’s ability to pay down Italy’s huge debt./PPThe Milan bourse was the top gainer in a day of slight ups and downs across Europe./PPThe Mibtel closed 0.56% up amid calm trading./PPLondon was 0.32% down, Frankfurt 0.20% up, Paris 0.47% up, Madrid 0.11% down and Athens 0.08% down./P
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