Lo BTP-Bund spread the ascent started yesterday continues and in the morning it reaches touch a maximum of 317 basis points, to then stabilize at 315. The yield differential between Italian and German 10-year government bonds had returned above the ceiling of 300 points during the last session, which closed at 302 basis points. Interest rates on XNUMX-year bonds of our country score again a value greater than 5%.
Supporting today's rise are German Bund futures, which hit a daily high of 136,85 points after the release of the data on the manufacturing sector of Germany. The PMI index communicated by Berlin fell to the level of economic contraction, signaling by extension difficult prospects for all the manufacturing countries of the euro area, especially the peripheral ones.
On the way up too spanish spread, which reaches 356 basis points against 342 at yesterday's close, and the French one, which increases from 103 to 106 basis points.
The data arriving from Germany also weigh on the stock markets. In mid-morning all the main European lists accelerate downwards: Milano loses 1,6%, as Paris, while Frankfurt drops by 1,7% e London of 1,05%. Among the worst stocks in Piazza Affari are Mediaset (-2,45%), Mediobanca (-2,36%) and Banco Popolare (-2,30). Unicredit (-1,65%) and Intesa (-1,61%) are also bad.
