The gap with the German Bunds widens again. The spread between Italian and German long-term government bonds jumped to 486 basis points shortly after 9, to go down again to an altitude of 483. They are 20 points more than the opening this morning at an altitude of 466. Bad too Business Square, where is the Ftse Eb loses 2,83%, with Finmecanica among the worst stocks in the red (-4,68%).
La Spain seemed to have celebrated the result of elections: the spread opened almost 30 points lower than Friday's close (at 440bp), but started the day with a sharp rise and now stands at 465bp Thus the difference between Bonos and the Bund returned to lower values than the Italian ones.
Also on the France the differential with the German Bunds weighs, due to the warning from the rating agency Moody's of the risk for the country of losing its triple a. Lo Oat-bund spread it is at 166 basis points, 16 bps higher than the opening value.
