May 14, 2019 / 1:00 PM / 2 months ago

Italian yields spike higher on Salvini threat to break EU budget rules

LONDON, May 14 (Reuters) - Italian bond yields rose to new two-month highs on Tuesday after Deputy Prime Minister Matteo Salvini said the country was ready to break European Union budget rules if necessary to spur jobs.

Italy’s 10-year bond yield hit a two-month high of 2.755%, up 6 basis points on the day, while shorter-dated two-year and 5-year yields rose around 8 bps each.

The closely-watched spread between 10-year Italian and German bond yields hit its widest level in three months at 282.6 basis points (Reporting by Abhinav Ramnarayan Editing by Tommy Wilkes)

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