Cyclone Renzi makes Piazza Affari fly, for detachment the brightest price list in Europe, and significantly decreases the Btp-Bund spread.
After the historic success of the Democratic Party at European elections yesterday, mid-morning today, the 10-year BTP rate slips into the 3% area, while the yield differential between our 10-year government bonds and the equivalent German Buns, after reaching a minimum of 158 points, travels in the 160 basis points, down sharply from the 174 basis points recorded at Friday's close.
Today's drop comes after a series of difficult sessions for the Italian spread, which last week had returned to 200 basis points.
