Italy's Borrowing Costs for 5 and 10-YR Bonds Fall

5:40 AM ET Mon, 30 Jan 2012

Alessandro Giansanti, Senior Rates Strategist at ING, told CNBC, "we have seen in the past months that peripheral spreads have showed substantial tightening especially in the front end of the curve, what is still a bit missing especially in Italy is that the long-term yields are still quite high."