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Italy's State bonds come under more pressure

Spread up to 258 pts, yield up to 4.9%

(ANSA) - ROME, SEP 28 - Italy's State bonds came under more pressure on the money markets on Wednesday as investors wait to see how the incoming government will handle the public finances following the victory of a rightwing coalition in Sunday's general election.
    The spread between the 10-year BTP bond and the German Bund rose above 250 basis points, rising to 258, up almost eight points on Tuesday's closing value.
    The yield on the 10-year BTP was up another two basis points to 4.90%.
    Mario Draghi's outgoing government is meeting Wednesday afternoon to look at an update to the government's DEF economic blueprint (NADEF).
    Draghi's office on Wednesday denied a newspaper report that he was liaising with likely next premier Giorgia Meloni of the hard right Brothers of Italy (FdI) party over Italy's financial and international commitments. (ANSA).


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