After the downgrade of Standard & Poor's in Italy, the spread between 277-year BTPs and German Bunds is widening. The differential in our country, which yesterday closed at 288 basis points, widened this morning to a maximum of 285 basis points, before then settling back to around XNUMX basis points.
The new width of the gap corresponds to yields on our ten-year bonds equal to 4,46%. Tensions are high in anticipation of the 3- and 12-month Bot auction scheduled for this morning.