Today is the blackest day that the Italian finance can remember for over 10 years. At least until now. Repeated sales have hit our country and not only on the stock market - with Piazza Affari losing more than 4% - but above all on the front of government bonds.
The spread has surpassed every threshold of the imagination: by now the records set in recent days are just a faded memory. At noon, the yield differential between our 10-year bonds and the corresponding German Bunds reached the unthinkable level of 566 basis points. And the surge shows no sign of slowing down.
The nightmare continues going to read the data on returns that the Italian State will be forced to pay to repay the XNUMX-year BTPs. Eventually the wall came down: interest rates have passed the infamous 7% threshold – considered by most analysts as the point of no return – reaching as much as 7,3%. The highest since 1997, when the euro was still a mirage.
