Ferment on the European secondary government bond market, where the yields of Italian bonds, conditioned by the auctions scheduled between tomorrow (CTz and BTp) and the day after tomorrow (BoT), are at a high risk of rising.
“On BTPs – explains an operator – we are witnessing a pronounced rise in the curve, with accentuated pressure on five-year bonds linked to the fact that we are approaching a week of issues”.
Pressure also on Spanish securities, which are up slightly, but above all on Italian ones, given that the auctions will already start tomorrow and the communication on the amount of the medium/long-term issue is expected this evening.
In any case, after the rises of the early morning, the BTp/Bund spread fell again, reaching again around 224 points just before midday.
