The Italian spread returned above the 400 basis point wall this morning at the opening of trading, reaching a peak of 401, after closing last Friday at 385. In the immediately following minutes, the value returned to travel around 395 points.
The outcome of the elections weighs on the differential between the 10-year BTPs and the corresponding German Bunds in France e in Greece, the result of which has rekindled concerns about the stability of austerity policies in Europe. The yield on our ten-year bonds thus rises to 5,53%.
It was above all what widened the spread the further strengthening of the Bund, considered as a safe haven by investors. Strong demand drove the interest rate on German government bonds to new all-time lows on the bond market: the 1,56-year yield slipped to XNUMX%.
As for the euro, the community currency is declining against the dollar. In the first exchanges on the foreign exchange market, the single currency traded just below the threshold of 1,30 against the dollar, at 1,2993, compared to 1,3026 at the last closing. These are the new lows of the last three months.
