The spread between the BTP and the Bund continues to rise and in the afternoon breaks through the threshold of 320 basis points, to then settle at 325. Fueling the fire in the differential between the ten-year BTP and the Bund is the fuel of European stock exchanges, all in red. The wave of stock market crashes is in turn linked to disappointing US employment data.
In these hours, our spread is also suffering from the purchases that are giving breath to German government bonds, causing their yields to drop even below 2%. Interest on Italian ten-year bonds, on the other hand, remains stuck at over 5,2%.
