The tension on Italian government bonds continues to rise. The Cyprus crisis e the political stalemate in our country today they caused yet another rise in the Btp-Bund spread, which by mid-morning reached the threshold of 360 points, the highest for seven months. In the immediately following minutes, the yield differential between our 10-year bonds and the equivalent German Bunds narrowed slightly, stabilizing at around 355, still up on yesterday's close (348bp).
The new width of the gap corresponds to interest rates on our ten-year bonds equal to 4,77%. The peak of the day was 4,86%.
