spread still live. The new week opens as the previous one closed on the government bond market. By mid-morning, the yield differential between 10-year BTPs and the equivalent German Bunds travels just below the psychological threshold of 300 basis points, to 297. A level 10 points higher than the so-called "Monti quota", i.e. the value indicated as a target for his mandate by the outgoing Prime Minister (287 points, half of when the Professor took over from Silvio Berlusconi) .
The new width of the scissor corresponds to interest rates on our ten-year bonds equal to 4,57% (+0,6% compared to the last closure). Naturally, the uncertainty associated with the outcome of the forthcoming political elections weighs on the spread.
Difficult situation for the Spain, where the scandal of the alleged bribes pocketed by Prime Minister Mariano Rajoy contributes to fueling the uncertainty of investors. The differential of the Iberian country thus rises to 360 points, with yields on ten-year Bonos at 5,4% (+0,8%).
Another destabilizing element is the delicate situation in which he finds himself Cyprus, which will be the focus of the Eurogroup meeting on the agenda for this afternoon.
