ECB scoops up all of Italy's new debt just to keep spread stable
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FRANKFURT (Reuters) - The European Central Bank scooped all of Italy's new debt in April and May but merely managed to keep borrowing costs for the indebted, virus-stricken country from rising, data showed on Tuesday.The ECB bought 51.1 billion euros worth of Italian government bonds in the last two months compared to a net supply, as calculated by analysts at UniCredit, of 49 billion euros.Yet Italy's 10-year government bond yields declined by just 4 basis points over that period to settle at..