The last closes well it of 2011 for the Bots at 6 months. The Treasury has placed 9 billion of semi-annual bonds at a yield equal to approximately half that recorded in the last auction. The markets immediately celebrated and Milan became the first market in Europe. The spread was also positively affected. The differential with the Bunds dropped by more than 20 points, returning below the psychological threshold of 500 basis points. The yield on the bond maturing on March 22, 2012 is 6,82% and the spread with the corresponding German bonds is 482 bps.
The. is also down today differential of Spain which registers 326 points after hovering around 340bps for almost a week.
Also the spread between Oats and Bunds points low and could return below the 100-point threshold. Around 12.30 it settles in 102 basis points.
