Spreads up in the early hours of the day. After having opened over 145 points, the differential between ten-year BTPs and their German bund counterparts began to rise to over 150 basis points, to then settle back to around 149 basis points by mid-morning.
The yield on ten-year BTPs grew, to 2,48%, while the yield on German Bunds met with a marked drop in the morning, reaching 0,99%.