Italian borrowing costs have fallen early on Wednesday morning as investors digested news that Rome could lower its public spending in the coming years.
The yield on the 10-year Italian bond fell 3.31 percent at about 7.40 a.m. London time.
The market reaction followed reports by the Italian newspaper Corriere della Sera that the government is planning to lower public deficit from 2.2 percent in 2020, to 2 percent in 2021, from an expected 2.4 percent next year.
