Historical record for the spread between five-year BTPs and the equivalent German bunds. In anticipation of the auction of the new Italian government bonds, the differential jumped this morning from 440 points at yesterday's close to 460, a record level since the introduction of the euro. The yield exceeds 5,3%.
In the meantime, the spread on ten-year bonds is also widening, which, after closing yesterday at 382 bp, broke through the 400-point wall again this morning, reaching a peak of 406. This is the new high since the The ECB started buying our government bonds on 8 August. Interest on the 5,7-year contract thus rises to over 416%. Although help continues to arrive from the Eurotower, the Italian differential is dangerously approaching the all-time high of 5 points reached on August XNUMXth.
