Waiting for the Btp auction, the temperature rises on the Italian debt market. This morning, a few minutes before opening, lo spread of our country – which had opened at 496 basis points – immediately returned to break through the wall of 500 basis points, reaching 511.
After the flare-up at the start, the differential between 10-year Italian government bonds and the equivalent German Bunds started to drop slightly again, settling at 504.
A tension that is obviously reflected on ten-year bond yields, which as of mid-morning still show 7,3%.
Soaring opening also for the French spread. In the wake of fears for a possible rating cut on sovereign debt by Standard & Poor's, the transalpine differential rose up to 138 basis points, before falling back to 131.
