The day of BTPs gets off to a bad start, while the auctions of 5- and 10-year Italian government bonds are upon us, for a total amount between 4 and 6 billion euros. Indeed, in today's first exchanges, iThe spread between the yields of ten-year German Bunds and BTPs widened to 325 basis points from 321 at yesterday's close.
The intricate political situation in our country, with the resulting uncertainties, and the ongoing negotiations in the USA to avoid the fiscal cliff contribute to pushing up Italian bond rates (from 4,53% to 4,57%).
