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Decline to 202 basis points in the Btp-Bund spread, the European summit on Greece gives respite to debt

Decrease in the differential between Italian and German ten-year government bonds. After the market confidence crisis recorded in recent days and the breakthrough of the 300bp ceiling, the situation is starting to cool again.

Decline to 202 basis points in the Btp-Bund spread, the European summit on Greece gives respite to debt

The spread between BTPs and Bunds drops to 202 basis points, well below the 300bps threshold crossed in recent days. Another positive sign after the leap forward in the stock markets following the Merkel-Sarkozy agreement and yesterday's European summit on Greece. The effective yield fell to 4,86% for the 3,75% BTP, maturing on 1 August 2021, while the 2,5% Bund (maturing on 4 January of the same year) showed a yield of 2,84%.

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