Italy's week on the bond markets starts well, with lo BTP-Bund spread which is well below the psychological threshold of 200 basis points, reached on Friday at the close.
At the end of the morning, the yield differential between Italian and German 10-year government bonds stood at level 193, very close to the low of 2014, reached at the beginning of January at 192 basis points, in turn the lowest level since 4 July 2011. The rate on ten-year BTPs it stood at 3,65%, from 3,69% at the last close, marking new lows since the beginning of 2006.
Both the renewal of the political framework (this morning Matteo Renzi receives the task of forming a new government from the Head of State), both the promotion that arrived on Friday evening with the markets closed from Moody's, which improved the outlook on Italy's rating from negative to stable.
