There is no peace for it Italian spread, who returns to travel in the afternoon above 500 basis points. It was an ephemeral break that granted by lucky auction concluded today by the Treasury, which placed nine billion six-month BOTs and 1,7 billion two-year Ctz with yields practically halved compared to the previous placement at the end of November.
In the minutes immediately following, while the Stock Exchange accelerated upwards, the spread - which this morning had reached 510 - suddenly collapsed to reach 480 basis points again. At the beginning of the afternoon, however, the trend reversed abruptly and the yield differential between the 10-year government bonds of Italy and Germany gradually increased until it stabilized once again around 505.
This level of spread signals the high tension that still reigns on our country's debt market: in these very hours, in fact, the gods yields on ten-year bonds they are once again dangerously close to the infamous 7% threshold.
Very similar trend to that recorded on the stock market. If in the late morning the Milanese price led the increases on the European markets, it took just a few hours for the sales to prevail again. Business Square thus it turned negative and just over an hour after the closing of trading, it left 0,45% on the ground.
