Nightmare day for him Italian spread, which manages to limit the damage only in the last hours of trading, returning to stabilize just below 500. After opening at 472 basis points, the yield differential between ten-year BTPs and the equivalent German bunds underwent a vertical and very rapid surge, which in a few minutes brought it up to the daily maximum, 519 points.
The continuation of the day saw a slow downsizing of the figure, which returned to fall below the psychological threshold of 500 at the end of the morning. Shortly before 17 pm the gap continued to score 30 basis points. With regard to the Italian XNUMX-year yield, returned – albeit slightly – below 7%, considered by many analysts to be the alarm threshold, reaching 6,83% in the same minutes.
Similar trend – albeit on very different values – for the French spread, which after a surge at the opening returned to stabilize at around 120 basis points. On the other hand, a quieter day on the market Spanish debt. Madrid's differential from 344 points in the opening to 328.
