The markets do not believe in the Italian government crisis. The Btp-Bund spread moved little this morning, traveling around 260, between a maximum of 263 (equal to yesterday's close) and a minimum of 258 basis points. During Prime Minister Enrico Letta's speech to the Senate, the figure stands at 259 bp.
The Bonos/Bund yield differential instead marks 239 basis points, with a rate of 4,18%.