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Italy-Germany 10-Year Yield Spread Drops Below 250 Basis Points

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Jan. 11 (Bloomberg) -- Italian 10-year bonds extended an advance, narrowing the yield difference, or spread, over similar-maturity German bunds to less than 250 basis points for the first time since July 22, 2011.

The spread narrowed 12 basis points, or 0.12 percentage point, to 248 basis points as of 2:23 p.m. London time.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net

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