October 23, 2018 / 7:59 AM / in 25 days

Italian bonds reverse falls on report govt may be willing to adjust budget

LONDON, Oct 23 (Reuters) - Italian bond yields reversed an early-session jump on Tuesday after newspaper Il Messaggero reported that Rome would be prepared to adjust its budget if markets disappove.

The Italy/Germany 10-yr bond yield gap fells 10 bps from the day’s high to 303.7 bps, and Italian bond prices reversed earlier losses.

Two-year yields fell six basis points to 1.399 percent, having earlier risen 10 bps. The five-year yield fell four bps at 2.75 pct,.

Reporting by Virginia Furness

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