Credit: REUTERS/RALPH ORLOWSKILONDON, May 27 (Reuters) - 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. DE10IT10=RR
That said, far-right and nationalist parties did make strong gains in the vote, so German 10-year Bund yields were anchored at -0.118%, close to 2-1/2 year hit in mid-May. DE10YT=RR
(Reporting by Abhinav Ramnarayan)
((Abhinav.Ramnarayan@thomsonreuters.com; 0044 777 555 1499;))
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