Bloomberg News

Govt Bonds Bid-Ask Prices Show Market ‘Frozen,’ Official Says

November 16, 2011

Nov. 16 (Bloomberg) -- Spreads between bid and ask government bond prices indicate markets are “frozen,” said Franco Passacantando, Bank of Italy’s Managing Director for Central Banking, Markets and Payment System in Milan today.

The European Central Bank is “almost exclusively buying Spanish and Italian bonds,” he added.

To contact the reporter on this story: Elisa Martinuzzi in Milan at emartinuzzi@bloomberg.net

To contact the editor responsible for this story: Marco Bertacche at mbertacche@bloomberg.net


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