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Nightmare spread: the Btp-Bund differential is back close to 400 points

Back in time to January levels: the spread between 10-year BTPs and the corresponding German bunds has broken through the wall of 390 basis points, reaching a maximum for the day of 395 – Madrid is even worse, at 428 points – Meanwhile, the European stock exchanges collapse: Milan black jersey.

Nightmare spread: the Btp-Bund differential is back close to 400 points

There is no sign of easing tensions on the public debts of the peripheral countries of the Eurozone. It is above all Spain that pays the price, followed closely by our country. Early afternoon the spread between 10-year BTPs and their corresponding German Bunds has broken through the wall of 390 basis points, reaching a maximum of 395 for the day highest level since last January. Thus the escalation of the last few days continues, after last Friday, before the Easter holidays, the Italian differential had closed at 371 points. At the same time, the bar of the yields on ten-year BTPs, back to 5,6%

In the same minutes too the Madrid spread continues its vertical run. The Spanish differential he came up with 428 points: a more than decisive rise compared to the 402 of the last closing. In this case, the one recorded today is the highest value even since last November. 

Meanwhile, the deep red atmosphere also continues on the stock markets. Milan leaves almost three points on the field and confirms the black jersey among the European lists. But the other main squares of the old district are also recording significant losses today: Paris is negative by more than one and a half points, followed by Frankfurt (-1%) and London (-0,9%).   

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