Hours of ups and downs for the Italian spread, which at the end of the morning showed a slight rise compared to this morning's opening (470), settling at 477 basis points. In the last few hours, the yield differential between 10-year BTPs and their corresponding German Bunds has fluctuated between 467 and 478 basis points. 6,7-year yields are at XNUMX%.
In the same minutes the tension on the debts of Madrid and Paris remains very high. In particular, this morning the French spread experienced a new surge, reaching 161 basis points again. On levels much more similar to the Italian one, the Spanish differential, which after reaching a daily maximum of 468 bp, settled just below, at 465.
