At Christmas, the spread does not offer discounts. The differential between 10-year BTPs and the corresponding German Bunds has increased again 514 basis points with the yield on bonds maturing in March 2022 at 7,10%. On the other hand, the yield on 2-year government bonds decreased, to 5,046%.
The differential between i is kept stable Bonos and the Bunds at 343 basis points. In France the spread has been down since this morning and has reached i 106 basis points.
Flat calm in the European squares where the main indices are almost equal: Ftse Mib (+0,15%), Cac 40 (0,41) Dax 30 (0,05%), Ftse 100 (1,20%).
