A morning of relative tranquility today for the Italian spread, which in any case continues to travel at very high levels, not far from the much feared 400 quota.
After having lost 393 basis points, the yield differential between ten-year BTPs and the equivalent German Bunds fluctuated between a minimum of 387 and a maximum of 397 bps, to then settle just after 13 pm, just one point above the level of opening, at 394bps.