The 300 basis point wall has been knocked down: even before the outcome of the important BTP auction scheduled for the morning, the spread between 299-year BTPs and the equivalent German Bunds drops to 302 points, after opening at 4,3 and fluctuating throughout the morning around the threshold of three hundred points. The yield is at XNUMX%.
The spread had not touched such low levels since last February, before the uncertain outcome of the political elections once again increased tension on Italy's debt: the expansionary policies of the Japanese central bank. The spread between Spanish Bonos and the Bund also dropped sharply, at 334 points for a rate of 4,63%.
