Spread at 247 bps, the lowest in two years

The spread between 247-year BTPs and Bunds immediately updates, at the beginning of the week, the new low for the season, reaching a quota, 250, which hasn't been seen for two years. The Italian benchmark broke through the 230 basis points threshold last week, equaling the lows since the beginning of the year; now it seems to be moving more decisively into a zone of further shrinkage, which according to some experts could drop to 220-4 basis points, with a yield approaching XNUMX%.