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Watch out for the spread: leap over 380bps

The Btp-Bund differential opened the session with a jump of 6 points to 383 bp – It has now dropped to 373, a day of fluctuating like yesterday is foreshadowed, at the mercy of news on the future of Greece – Spreads in France are stable, Spain and Portugal.

Watch out for the spread: leap over 380bps

The spread is undecided. This morning the gap between Italian 383-year government bonds and the equivalent German Bunds had widened to touch 10.15 basis points, to then start to fall again. Around XNUMX am the spread stands at 374 points, 2 less than the opening value. Also slightly down yields of 2-year BTPs down to 3,08%.

THEdeal outlined by the eurozone, which will be presented to the Eurogroup on Monday, seems to have reassured investors and the major European markets are positive. In fact, even the differential between the ten-year bonds of the Spain and the German ones are stable at 340 points. The french spread stands at 107 bp and that of Portugal to 1034, up slightly after falling below the threshold of one thousand points three days ago. 

 

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