Italian bond yields rise, euro dips after EC cuts Italy growth forecast

LONDON, Nov 8 (Reuters) - Italian government bond yieldsrose to a session high on Thursday, while the euro dipped afterthe European Commission cut Italy's growth forecast and said itanticipated a jump in the country's structural budget deficit.

Italy's 10-year bond yield rose to 3.404 percent, up sixbasis points on the day . The euro turnednegative, slipping 0.1 percent to $1.1412 but remaining abovethe session low.

The European Commission forecast the Italian economy wouldgrow more slowly in the next two years than Rome thinks, makinggovernment budget deficits much higher than assumed by Italywhile public debt would be stable rather than decline.

(Reporting by Virginia Furness and Tommy Wilkes; Editing byDhara Ranasinghe)

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