All eyes are on Frankfurt, where at 14.30 pm the president of the ECB Mario Draghi will announce the fateful spread-saving measures. And in the meantime, the spread seems to be starting to heal. This morning the Btp-Bund differential reached 394 basis points: the threshold of 400 points has not been dropped since last May. The yield of the 5,49-year BTP is XNUMX% while the title a two years at 2,45%, even at its lowest since March.
Even Spain, where today Chancellor Angela Merkel will meet Prime Minister Mariano Rajoy, who he could decide to ask for help from Europe, is positively influenced by the waiting day. The Bonos-Bund spread narrowed to 477 bps and the two-year bond yield is at 3,0%, its lowest since last April.
Meanwhile, the European Stock Exchanges are also all in positive territory. Milan gains 1,32%% and Madrid 1,86%% . Paris (+1,04%), London (+0,76%) and Francofrote (+1,12%) also performed well.
