MILAN: The 10-year yield gap between Italian and German government bond yields fell to its lowest level in five weeks after Italy's government unveiled a 30-billion euro austerity package to help stem a debt crisis threatening the euro zone.
The 10-year Italian/German government bond yield spread narrowed to 423 basis points, the lowest since falling to 408.3 basis points on Nov. 1, according to Tradeweb data.
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