Tensions on the bond market are also weighing on Europe's locomotive. After the sensational setback suffered by Germany yesterday in theBund auction, this morning the yield on the German 2-year yield reached over XNUMX%. In mid-morning, the data released by Bloomberg scores the 2,24%.
Thus Berlin surpasses London, albeit narrowly considering that UK Gilt interest rates stood at 2,20% at the same time. This is the first time this has happened since the beginning of 2009.
Thanks to these tensions on the Bunds, this morning it decreased the spread between German government bonds and Italian BTPs at ten years old. After opening at an altitude of 484, the differential collapsed in just over an hour by exactly 20 points, to 264. Immediately afterwards, however, the gap widened again and just as quickly, returning to touch 480 points. Therefore, the temperature does not drop returns of our bonds, which continue to travel around 7%.
Similar trend for the spread of France and Spain. The differential in Paris stands at 143 points in mid-morning, that of Madrid is instead at 437.
