Italy's bond spread has been coming
down in recent months thanks to market confidence in the
government's 2025 budget law, the European Central Bank (ECB)
said in its latest economic bulletin on Thursday.
The bank said that, while the yields on French and German bonds
compared to risk-free OIS rose between September and December,
"spillovers to Greece, Spain, Italy and Portugal were limited,
given the more positive sentiment surrounding the fiscal outlook
for some of these countries.
"Overall, the sovereign bond yield to OIS spread declined by 9
basis points for Italy, while widening by 4 and 6 basis points
for Portugal and Spain respectively," it said.
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