After Friday's agreement between the Eurogroup and Athens, which he will present today in Brussels its reform proposals, there is good news on the spread between Italian and German ten-year bonds. The difference between 10-year Btp and Bund fell in the morning at 112 basis points, returning almost to the level of the record of last January 26, when a minimum of 109 points was reached.
On Friday, before the markets close, the spread stood at 119 basis points. The decline in the ratio is linked both to the decline in BTPs, whose yield now stands at 1,51%, and to the slight increase in the yield of the Bund, which has risen by 5 bps.
