The Italian spread passes the bond test. After this morning's Treasury auction, the yield differential between 350-year BTPs and the equivalent German bunds did not undergo significant jolts, remaining in a safety zone just above XNUMX basis points.
The maximum reached was 354 bp, while the daily minimum corresponds to yesterday's close, which had recorded an even more reassuring figure of 348 bp. At the end of the morning, the spread stabilized again at 352 basis points.