Spreads down around 250 points, complete with a momentary counter-overtaking on Spain, after the Bot auction which at the end of the morning showed sharply declining yields and very sustained demand. The yield differential between the Italian ten-year benchmark and the German pari-maturity is now around 250 basis points, after having also reached 247 with a yield of 4,32%, while the Spanish Bonos also mark a spread around the same level ( about 248 points).
Spread falls below 250: momentary counter-overtaking on the Spanish Bonos
Btp-Bund spread down around 250 points, complete with a momentary counter-overtaking on Spain, after the Bot auction which at the end of the morning showed sharply declining yields and very sustained demand.
