The decline in the yields of Italian government bonds does not stop. After the recent openings arrived from Mario Draghi, the markets believe in the imminent arrival of the quantitative easing of the ECB, and the effect on BTP it is evident: this morning interest rates on our 10-year bonds have updated the historical record for the umpteenth time in the last week, going down to 2,04%, against the 2,07% recorded yesterday at the end.
In parallel, continue to descend lo BTP-Bund spread. The new portion of Italian ten-year yields corresponds to a spread with rates on German Bunds of the same maturity equal to 134 basis points, the lowest level since the end of September.
The positive trend on the Btp market was confirmed yesterday by theTreasury auction, which placed two billion ten-year bonds with a gross yield of 2,08%, 36 basis points lower than the end-October auction and well below the previous all-time low (2,39%), and 3,5, 1 billion five-year Btp with rates lower than 0,94% for the first time, at 1,06% (XNUMX% the previous minimum).
As for the equity side, today half an hour from the opening the Milan Stock Exchange it travels just below parity.
