The spread takes off again. Tomorrow's auction, in which an attempt will be made to place 9 billion BOTs and 1,5/2 billion Ctz on the market, scares investors and the yield of the Btp maturing on March 22 in 2022 exceeds 7% again. differential with the Bund registers 513 basis points. On the other hand, the yield on 2-year government bonds decreased slightly to 5,07%.
The situation beyond the Alps is less eventful difference between French Oats and German Bunds remains at 104 basis points, value slightly lower than last Friday's closing.
Even in Spain, where Prime Minister Mariano Rajoy launched his own last week anti-crisis maneuver, differential between Bonos and the Bund is stable at 341 basis points since last Wednesday.
