The spread goes down but then goes back up. After reaching 327 points this morning, the spread between Italian BTPs and their corresponding 308-year German Bunds had dropped to XNUMX basis points, a sign of a decline in return of 10-year securities that has reached the 4,98%. But after the publication ofIfo index on the morale of companies in Germany, which went better than expected, the yield of the German Bund began to decrease, again widening the gap with the Btp. Around hours 11.30 the spread marks 312 basis points.
In Spain, on the other hand, the outcome of the elections in Andalusia, which confirm a victory for Prime Minister Mariano Rajoy's Popular Party (albeit limited because it does not have an absolute majority), seem to have given confidence to investors and the spread between the Bonos and the Bunds narrowed to 342 after opening at 358 points.
Downhill too the spread between French Oats and Bunds at 104 basis points.
