Bad start to the week Italian spread. In the morning, the yield differential between 10-year BTPs and the equivalent German Bunds increased again over the 350 basis point wall, peaking at 359 and then stabilizing around 355. Friday closed at 348 basis points. The new width of the spread corresponds to interest rates on our ten-year bonds equal to 4,98%.
Meanwhile Piazza Affari is the black jersey of Europe. Milan leaves more than one percentage point on the field, worse than Frankfurt (-0,7%), Paris (-0,9%) and London (-0,6%).
The negative data published today by Istat on the subject of GDP e unemployment, in addition to the climate of international uncertainty linked to US presidential election scheduled for tomorrow.
