After the difficult bond auction which took place this morning, the Italian spread started to rise again. The yields on ten-year BTPs weigh above all, breaking through the wall of 6%, setting an all-time record since the introduction of the euro.
Immediately before the placements, the yield differential between 10-year Italian government bonds and their equivalent German Bunds was 366 basis points. In correspondence with the auctions, however, a surge was recorded which led the gap to widen up to at an altitude of 377.
The value remains below the average of the last period, but the umpteenth flaring of the spread, together with the extraordinary level of interest on bonds, demonstrate how the last Brussels summit and the commitments undertaken by Italy in terms of growth have not been sufficient to reassure the markets on the solvency of our country.
Today was a dark morning not only on the bond markets. Around 14pm, Business Square records a red of 1,84%.
