The Btp-Bund spread beats all records for over two years now and drops to 230 basis points, the lowest point that was reached just over two years ago, before the crisis that led to the fall of the then Berlusconi government.
The spread between the ten-year Italian benchmark and the same German maturity, following the approval of the Stability Law, thus updates the lows reached in mid-August and returns to levels not seen since July 2011, on the eve of the debt crisis rulers. The yield on Italian 4,24-year bonds is now XNUMX%.
