For more information, get in touch with our team:
+44 7918 53 08 73
Hint mode is switched on Switch off
  • High performance interface for global bond market screening
  • Full information on close to 500,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 100 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

European markets slide lower, Italian spread stable

October 11, 2012 Ansa
European stock exchanges lost terrain again on Wednesday but the spread between Italian 10-year bonds and the benchmark German bund remained steady. Milan's FTSE MIB index lost 0.41% to close at 15,440 points despite modestly encouraging news on the industrial sector. Industrial production levels in recession-hit Italy were up in August for the first time in two months, Istat said on Wednesday. The national statistics agency said industrial output was 1.7% higher in August than in July, although it was still 5.2% lower than in August of 2011 and automotive production plummeted 43.3%.

Frankfurt's DAX index also fell 0.41%, while Madrid's Ibex 35 index sank a significant 1%. Paris's CAC 40 index fell 0.50% and London's FTSE-100 slid 0.58%. The Italian Treasury sold 11 billion euros worth of three-month and one-year bonds on Wednesday, but it had to offer higher interest rates to attract buyers than at a similar sale last month. The average interest rate on the three-month BOT climbed 0.765% from 0.7% last time, while the average rate for 12-month BOTs went up to 1.941% from 1.692%.

The spread between interest rates on Italian and German 10-year bonds remained stable, closing at 362 basis points.

The yield on Italian 10-year bonds was 5.11%.

Spanish 10-year bonds and the German benchmark had a difference of 431 basis points.

The yield on the Spanish bond was 5.80%.