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Italy’s Monti says Grandson’s nickname is “Spread”

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ROME (Reuters) – Ubiquitous talk of bond "spreads" has filtered down from the power lunches of Italian bankers and brokers all the way to the kindergarten of Prime Minister Mario Monti’s grandson. Monti revealed a family secret on Tuesday. His grandson’s classmates have bestowed on him the nickname, you guessed it, "Spread", putting a capital S on the first letter of a financial term few Italians even knew existed until last year. . . .

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