The tension on Italian finance is decreasing. The positive signals come from both the equity and bond markets, evidently reassured by the knowledge that today the prime minister in charge Mario Monti will lift his reservations on the new government in Rome.
From the early hours of the morning thereor spread has gone down progressively compared to the 529 points at the opening, returning shortly below the threshold of 500 basis points. Around 10 am, the yield differential between 10-year BTPs and the corresponding German Bunds stands at 495.
In the same minutes too ten-year yields Italians have returned below the notorious wall of 7%, considered by most analysts as the threshold of no return, reaching 6,7% again.
Also good the bag, with Piazza Affari which, after yesterday's losses, is attempting a rebound and gaining around 1,5% by mid-morning, the pink jersey in Europe.
