Another record for the ten-year BTP. This morning interest rates on Italian government bonds with a 10-year maturity recorded a new all-time low, falling below the psychological threshold of 2% for the first time since the introduction of the euro. The new record sets the bar at altitude 1,9998%.
In the following minutes the yield returned to 2%. Meanwhile, it spread between Btp and Bund travels slightly down, to 126 basis points, while on the equity front the Milan Stock Exchange is up 0,7%.
The climate on the debt market has been favorable for a few days, in the wake of expectations for a possible “quantitative easing” coming from the ECB, i.e. a program for the generalized purchase of private and public securities. Tomorrow the Eurotower board will meet.
