The yield spread between the Greek and Italian state bonds fell into negative territory on Thursday for the first time since 2008, meaning that the Greek state can borrow money at a cheaper rate than Italy in capital markets, ANA reports.
The 10-year Greek benchmark bond yield dropped to 1.21 percent while the 10-year Italian bond was 1.23 percent, leading the yield spread to -2.4 basis points from 1.7 percent at the beginning of the year.
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