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Spread alert: over 380 bp again. The fears come from Greece

Rumors spread about a possible postponement of some parts or even all of the second aid package for Athens and the spread flared up - The same trend was recorded in the main countries of the euro area: from 15.30 in Italy, Spain and France the gap with the German Bunds continues to widen.

Spread alert: over 380 bp again. The fears come from Greece

Rumors. Enough to alarm investors who, as soon as they learned that the second aid package promised to Greece could be postponed in part (or all) began to sell government bonds of eurozone countries. So the the differential between the ten-year BTPs and the corresponding German Bunds is back above the level of 380 points, which we had abandoned for exactly 15 days. It now stands at 382 bp with i returns of Italian government bonds al 5,69%. 

Even the spread between Bonos and Bund it became inflamed and reached i 355 basis points, almost 20 points more than the opening. Same trend for the differential between the French Oats and corresponding German bonds: the spread is a 113 points. It had been below the 110bps threshold since February XNUMXst. 

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