Italy and Spain are evenly matched on the spread. The spread between ten-year BTPs and their German counterparts stands at 234 points on the Bloomberg platform for a rate of 4,3%. The Bonos/Bund differential also scores 234 points for a yield of 4,31%. The Reuters platform, which is based on a different benchmark, gives the Btp/Bund spread at 247 points for a yield of 4,43%.
The September 10 the differential Bonos / Bund had surpassed the Italian one. The spread between the 247-year Iberian bonds and their German counterparts stood at 248 basis points in the morning, while the BTp/Bund spread was at 13. The following days the two spreads maintained the same distance, if not an even longer one: on 262 September, the spread between Iberian ten-year bonds and their German counterparts was 267, while the Italian one was close to XNUMX basis points.
The Italian spread then returned, on 17 September, to a lower level than that of the Spanish spread (the former was at 243, the latter 246). A few days later, that is today, the situation has returned to balance.
