Sterling
Italian government bond yields, already slightly down on theday, dropped even further on the news on improved risksentiment. The country's benchmark 10-year government bondyields were down 10 basis points at 1.56%
Meanwhile, European stocks
The Fed said it would work through banks to offer 4-yearloans to companies of up to 10,000 employees and directly buythe bonds of states and more populous counties and cities tohelp them respond to the health crisis.
(Reporting by Saikat Chatterjee and Abhinav Ramnarayan; Editingby Thyagaraju Adinarayan) ((saikat.chatterjee@thomsonreuters.com; +44-20-7542-1713;Reuters Messaging: saikat.chatterjee.reuters.com@reuters.net))