By mid-morning, the differential between Bunds and BTPs settled at 237 basis points, two less than the previous close. It closed at 250 on Wednesday. Staying below 240 since the start of the day, the spread peaked after 10am at 239,57.
Meanwhile, the European stock exchanges are weak in the start-up phase. After yesterday's rebound to +2,56 percent – with Piazza Affari being the best in Europe, Milan is in a stabilization phase and travels just below parity in line with the other European price lists.
