Yields on long-term government bonds rose to 2 percent in late August, but have recently fallen to 1.8-1.9 percent. The yield spread between government bonds and private bonds (bank debentures and corporate bonds) has stopped narrowing.
28 32. From the same cultural roots sprang Ciampi’s vocation to ‘serve the general interest’. The Italian patriots were not only fighters, ‘they were an honest, disinterested ruling class present in every town and every region of Italy’.