LONDON: The gap between Italian and German bond yields narrowed to its lowest in over two weeks on Monday after parties committed to strengthening the European Union held onto two-thirds of seats in the EU parliament.
The closely-watched spread tightened to 264 basis points in early European trade, the lowest since May 9.
That said, far-right and nationalist parties did make strong gains in the vote, so German 10-year Bund yields were anchored at -0.118pc, close to 2-1/2 year hit in mid-May.
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