The longed for agreement between the Greek government and the parties who support it has calmed the climate on the equity and bond markets. The serene has returned especially on the Italian spread, which continued along the positive path already followed in the last few sessions, reaching as far as daily low of 344 basis points. This is the lowest level that the yield differential between ten-year BTPs and Bunds has reached since last October. Only this morning, at the opening, the value was still scoring 367 points.
The new spread threshold corresponds to a interest rate on our ten-year government bonds much more sustainable than the one recorded just a few weeks ago. Yields eased to 5,479% by mid-afternoon after opening at 5,657% this morning. A month ago, rates were still above the infamous 7% threshold.
In the same minutes Business Square it turned positive again, accelerating to gain 0,64%. The news arriving from Athens also brought serenity to the other main European lists, which, however, do not show particular enthusiasm and still travel with caution: London is up by half a point, while Paris and Frankfurt are moving around +0,9%.
