The Bund returned to zero yield for the first time, Tokyo resisted but only briefly and the Treasury rose to 1,84%. Escape from stocks? It's early to say but energy is flying and emerging bonds are popular
The Milan and Frankfurt stock exchanges are shining after the German vote that rewarded Scholz's SPD even if the formation of the new government is not yet around the corner - The Ftse Mib is over 26 basis points…
The performance of German government bonds under consideration by the markets after the vote in Germany - There will probably be a battle over the next Fiscal compact - Oil rises to 80 dollars and raw materials are on the rise
ECB purchases push Italy's 0,6-year yield below XNUMX% for the first time - Spain and Portugal almost to zero - Negative rates in the rest of Europe
Rates are low. But am I good enough? And what does low inflation mean for the cost of money? Do falling BTP yields make Italian public debt more sustainable? What is behind the strong euro? Or is it instead…
The time for the choices for the Federal Reserve is approaching, but the board is still uncertain about the rate cut - Piazza Affari observes the political crisis: today's consultations, spreads falling.
The wave of pessimism that opened the week could continue today, after the heavy closure of Wall Street - Apple down by 5,2% - The euro slows down in parallel with the run of the Bund
The devaluation of the renminbi and the escalation of the trade war with the USA are weakening price lists - Hunting for the Bund - Salini Impregilo passes the market test after the announcement of the Astaldi bailout - Iervolino's registration is snapped up on the AIM...
In the morning, the spread between the Italian 253-year BTP and the German 6-year BTP widened significantly, reaching XNUMX points - Eurozone manufacturing PMI index at a XNUMX-year low - Bank of Italy: the…
Piazza Affari aligns with the rest of Europe. Falling oil penalizes Tenaris and Saipem. Weak banks. Telecom Italia in the spotlight for Persidera, the Biscione bears the brunt of the disagreement with Vivendi. A2A starts well after the gas tender…
From the "Deutsche Am Chart of the Week" report - What is behind the recent bond market turmoil? At least three factors: here are which ones
The difficulties encountered by Trump's tax reform in Congress and the developments of Russiagate weigh on Wall Street which infects European lists - After a day of ups and downs, Milan also closed badly (-0,77%): two-speed oil...
Piazza Affari close to 22.500bps but cools off in the finale - Spectacular recovery of the former cooperative banks on the hypothesis of gentler rules on NPLs - Rumors about possible peace with Vivendi give Mediaset a boost…
Geopolitical tensions push the markets to prudence and Milan aligns itself at mid-day - Banks and insurance companies benefit. Carige down after the rally of the past few days, Bpm and Unicredit rise - Mediaset slowdown…
The differential with the German Bunds is back above 200 points. Italian 2,35-year yields up (XNUMX%)
The number one of the Treasury reiterates that "the reduction of the public debt is a central objective of the government's strategy" - "Last year's deflation hurt us".
The yield differential between the BTP and the German Bund has touched the psychological threshold of 200 basis points, for the first time in three years - The 2,35-year Treasury rate rises to XNUMX%.
The differential between the 190-year BTP and the German Bund widens and exceeds XNUMX points after Marine Le Pen's strong statements on France's exit from the Eurozone if it wins the elections. It also rises to the max…
the differential between our BTPs and the German Bunds reached 150 basis points, the highest since last June - Investors committed to digesting the medium-long term placement which has seen a noticeable rise in yields.
The 0,05-year bond issued at -2026%, maturing in August XNUMX
After the records of Wall Street and Asia, the spotlight is on Unicredit, which fielded the Finecobank and Pekao operations - But the whole credit sector receives impetus from the reassurances of Merkel and Padoan - The challenge on…
A day marked by sales on European markets, restless due to fears about the slowdown in the economy. Automotive, insurance and telecommunications are the most exposed sectors. Siena recovers while waiting for the shield, FCa badly instead. Pound still weak and oil down.
After a balanced start, Piazza Affari took the upward path - Confidence for the Brexit referendum: Soros takes sides against - Banks pushed by SocGen's judgments - Spotlights turned on today on the interventions of Draghi and…
The fear of Brexit is at the heart of the markets which today, however, await Yellen's words on Fed rates and attempt to rebound after 5 days of declines - Japan in recovery - Government bonds:…
The fall in the rate of the German 0,20-year bond, which stands today at XNUMX%, is the litmus test of risk aversion and fear of the markets on Thursday's moves by the ECB which keep swinging not only…
After a shocking opening day due to the collapse of Chinese and Asian stock markets, the European stock exchanges try to react and halve the losses by reducing them to 2% - However, the spread rises due to the flight of investors towards safe havens such as…
Still no agreement between the Tsipras government and the creditors: Weak stock exchanges - The Euro takes off and tensions on currencies weigh particularly on luxury stocks, but the worst collapse in Milan is that of Saipem, targeted after…
Massive sales of bonds and government bonds, the Bund in the storm, rising rates at the auction of annual Bots and declining stock exchanges - Autogrill collapses in Piazza Affari, losing more than 6% - Bad for the banks except…
Eurogroup meeting today to avoid Grexit - China cuts rates again - Bund auction after storm - Consob meets the market at the Milan Expo - Shower of coupons arriving at Piazza Affari: Goddess the most generous…
The braking of the US locomotive freezes the markets and reopens the unknown rates - The euro recovers against the dollar and the German Bund booms - Today Athens presents the new reform plan - Mediaset between Murdoch and Vivendi - Skid…
The new fears of a default by Greece affect the yield of peripheral securities - The yield of the 10-year BTP rises to 1,478% - The BTP-Bund spread is also on the rise, which stands at 141 basis points
There is talk of a possible default for Greece again after the dissatisfaction expressed by the EU Commission on the negotiations between Athens and international creditors - Concerns about Greece's stability lead to a rise in the spread between Btp and Bund which…
The air of tension on the bond markets arrives on the day when Janet Yellen, number one of the Federal Reserve, is called to give indications on the next moves of the United States in terms of monetary policy - The situation in Greece is also worrying: tomorrow and…
The slight rise in the yield on German bunds and the concomitant drop in that on 10-year BTPs brings the spread back below the 100 basis point threshold
The new 126-year low brings the btp-bund spread to 9 basis points, a figure that has not been recorded since last December XNUMX
The rating agency has brought the rating on Italian debt close to the "junk" level: futures on the BTP are falling, while rates are back above 2% and the ten-year spread with the Bund counterpart widens again.
Btp-bund spread at its lowest since July 2010 - In the morning the spread dropped to 118 basis points - Piazza Affari does well, gaining almost 2%
The new record sets the bar at 1,9998% - The spread between the BTP and the Bund is slightly down, at 126 basis points.
After the excellent outcome of yesterday's auction, this morning Italian government bonds continue to break records: the wait for the ECB gives confidence to the markets.
After Friday's record, interest rates on XNUMX-year BTPs reached a new all-time low this morning.
The Draghi effect is also being felt on the debt market - Btp-Bund spreads decreasing - Piazza Affari soars together with the other European stock exchanges.
After having touched 200 basis points in the morning, in the afternoon the Italian differential settles at 180 points - Rates on BTPs are going up, but above all those on Bunds are going down, which are once again being purchased as safe-haven assets.
Madrid has placed government bonds maturing in 2024 and 2028: ten-year yields on the rise, the spread with the Bund is widening.
The spread between 10-year BTPs and German Bunds with the same duration drops to 128 basis points - The new size corresponds to an interest rate on our public bonds of 2,38%, a clear decrease compared…
This morning the yield on ten-year BTPs fell below the wall by 2,3% for the first time since the introduction of the euro - The spread with the Bunds reached 131, just two basis points more than the 129 recorded on 14…
The differential between the 150-year BTP and its counterpart German Bund drops below XNUMX again in the morning - The decrease in the spread is compounded by the slight rise in the yield on the German bond, while the yield on the…
The words of Mario Draghi from Wyoming on the plan to purchase government bonds in the Eurozone push yields on ten-year bonds to 2,22%. They are down from last Friday's close when the bond yielded 2,40%.
The yield was also down sharply, at 2,50% compared to 2,58% in the last session last week.
The yield differential between the Italian 161-year benchmark and the same German maturity is in the early stages of trading at 162 basis points, compared to yesterday's closing at XNUMX basis points.
The yield on the Italian 2,7-year BTP updated its lowest levels below 2,674%, to 1% - Rates on the Bund briefly fall below XNUMX%.
The drop in yields can be explained by a wave of bond purchases following the publication of disappointing data on Germany's GDP in the second quarter - The same dynamics also caused rates on the XNUMX-year BTP to fall…
Ten-year securities placed for 3,3 billion against market demand of 5,23 billion - Compared to the same issue last month, the yield dropped by 19 basis points.
SUMMER FINANCIAL SCENARIOS with the opinions of Gianluca Verzelli (Banca Akros), Paolo Balice (Aiaf), Antonio Tognoli (Integrae Sim) and Claudia Segre (Assiom Forex) - The crisis of the Portuguese bank leads to prudence and to remain liquid after a long rally…
The long wave of ECB decisions continues to hit the spread between the BTP and the Bund, which has reached a 3-year low of around 135 points - The yield offered by the ten-year Italian bond now stands at 2,72%.
This morning the 3,772-year Bund issue launched by the German Finance Agency collected only 5 billion orders out of a XNUMX billion offered amount - Low yields make German bonds less attractive - To cover the entire amount of the issue…
At the start, the differential between the yield on Italian and German ten-year bonds had jumped close to 190, only to settle below 180 points mid-morning, at 174 basis points.
Draghi's words were decisive, as he yesterday opened up the prospect of a further easing of monetary policy through a quantitative easing operation - The yield on Italian 3,23-year bonds is also falling, to XNUMX%, which had already closed yesterday…
The yield on ten-year bonds of our country instead dropped to 3,29%, close to the minimum since September 2005 (3,26%) recorded in the first part of last Friday's session.
The spread between Italian and German ten-year government bonds fell to its lowest since January 2011, with the yield on our bonds standing at 3,4% in the morning.
At the end of the morning, the yield differential between Italian and German 10-year government bonds stood at 193, very close to the minimum of 2014, which reached 192 basis points at the beginning of January, which in turn…
The yield differential between BTPs and German Bunds falls below 200 basis points, despite the difficulties of the Letta government - The rate on Italian ten-year bonds stands at around 3,69%, from 3,70% at the last closing …
At the start of the session, the yield differential between ten-year BTPs and the equivalent German Bunds fell to a minimum of 198 basis points - The Spanish spread is even lower, at 189 basis points…
The spread between the BTP and the Bund stands below 200 for the first time since July 2011 - At the start of the session, the spread had reached a threshold of 202 basis points, against 203 yesterday - Then it is slightly…
The Btp Bund spread at the opening of the financial day immediately fell below 240 basis points, reaching around 236 points at 9:45.
Despite the slight cooling after yesterday's rise linked to political tensions, the Italian spread, just below the threshold of 250 basis points, is still traveling at higher levels than the Spanish one, which in the same minutes stood at…
The dollar falls, gold rebounds and international funds bet on Bunds and BTPs - Good news from China which resumes its race: another narrow escape, after the risk of US default, for the financial markets - This morning Piazza Affari starts…
The markets like the Stability Law: the day after its approval, the Btp-Bund spread fell to levels not seen since the summer of 2011.
A heavy placement by the Treasury of 3 and 15-year BTPs is expected for tomorrow - Operators expect lower rates and good demand - It helps the spread to clear below 250 and the…
In the morning, the differential ranged between a maximum of 263 (equal to yesterday's close) and a minimum of 258 basis points - During the speech to the Senate by Prime Minister Enrico Letta, the figure stood at 259 basis points.
The expected overtaking of the Bonos/Bund spread on the Btp/Bund differential took place this morning: the differential between Spanish ten-year bonds and their German counterparts dropped to 247 basis points against 248 for Italian bonds.
The Bonos/Bund spread drops to 256 points and approaches alignment with that of Italian ten-year bonds, which remained substantially stable in the last month - What explains the difference in the dynamics of two countries that find themselves in similar economic conditions?…
The differential between the yield on German and Italian government bonds at 237 basis points in mid-morning - Today still below 240 - European stock markets weak at the start, Piazza Affari just below parity after the exploit…
The German 7-year bond grew by 2,83 basis points to 25% on Friday: during the week the increase was 230 basis points, bringing the differential with the BTP almost below the 12 threshold - Record exports for Japan: +XNUMX% …
The new spread of the gap corresponds to an interest rate on our ten-year bonds above 4,5% - To explain the renewed tensions on the Italian bond market, the dealers cite the pressures associated with the auctions in France and Spain scheduled…
The Italian differential is back close to the psychological threshold of 300 basis points - Yields on Lisbon bonds today exceeded the psychological threshold of 7%, after the resignations of ministers in the last two days...
The yield differential between the 10-year BTP and the Bund reached an opening low of 267 basis points, the lowest level since last June 5th.
The yield differential between our 10-year government bonds and their equivalent German Bunds narrowed to a minimum of 252 basis points, before then rising slightly to 254 - At yesterday's close…
The differential between the BTP and the Bund is now 266 basis points and the yield, which has reached 3,89%, is now on the threshold of 3,9%, the lowest since the end of 2010.
The re-election of Giorgio Napolitano at the Quirinale pleases the markets: the Btp-Bund differential drops to 279 basis points at the opening, to then settle below 290.
Berlin has placed ten-year government bonds for a total of 3,349 billion euros - The average yield falls to historic lows at 1,28%.
The new width of the gap corresponds to interest rates on the Italian ten-year bond equal to 4,57% - In the same minutes, Piazza Affari is up by one percentage point.
By mid-morning, the yield differential between 10-year BTPs and the equivalent German Bunds hovers just below the psychological threshold of 300 basis points - Uncertainty over the outcome of the elections weighs heavily - Problems also in Spain, where…
Interest rates on Italian 4,52-year bonds equal to 360% - The Spanish differential rose up to 6 basis points (+14 cents) while the Portuguese one rose by 488 cents, to XNUMX basis points.
European stock markets are affected by fears on the macroeconomic front - Germany has released declining growth estimates for 2013 - The World Bank sees the global one at 2,4%, only slightly better than 2012 - Good but not…
The positive results of today's Bot auction and Mario Draghi's words at the press conference drive the drop in the spread between 260-year BTPs and Bunds below the threshold of 2011 basis points - It hasn't happened since July XNUMX.
The decline in the spread reaches the objective indicated by Monti (287 bps), i.e. halving the Btp-Bund differential compared to when the premier arrived at Palazzo Chigi thirteen months ago
The new spread of the gap corresponds to an interest rate on our ten-year bonds equal to 4,38% - The stock market is racing - The agreement between American Republicans and Democrats on the measure to avoid the "fiscal cliff" has made the markets soar.
At the opening, the Italian differential returned below the 300 points threshold, to then rise slightly, remaining however at the lows for two weeks.
Yesterday evening, the yield differential between ten-year BTPs and the equivalent German Bunds was around 320 bps - The Spanish spread also decreased, returning below 400 basis points.
The Btp-Bund differential returned below the 300 basis point wall in the morning, with yields at 4,41% - The new prospects for Greece and the aid to Spain granted tonight by the Eurogroup determined the downward trend - Meanwhile in Piazza…
The new width of the gap corresponds to interest rates on our ten-year bonds equal to 4,98% - Piazza Affari is the black jersey of Europe - Istat data and tensions over the American elections weigh heavily.
Berlusconi's threats to the Monti government still weigh heavily - In mid-afternoon, the yield differential between the 10-year BTP and the Bund reached a new high for the day at 354 - Interest rates on our bonds…
The rate of return on the ten-year BTP falls to 4,82%, its lowest level since March - The Bonos-Bund spread also did well, down to 394 points - Moody's did not cut the Spanish rating but warned: "Greece at risk of exit".
Waiting for the Eurogroup to be held today in Luxembourg, tensions are once again high on Italian and Spanish government bonds - Meanwhile, the stock markets are also starting the week in sharp decline - In Piazza Affari, the securities of the galaxy are suffering above all…
It is the first time this has happened since 20 September - The yield on the German Bund is also down to 1,44% - The Spanish differential is slightly down.
The German Treasury had to pay yields of 1,52%, against the 1,42% recorded in the placement last September 5 - The Bundesbank retains 36% to sell it on the secondary market.
At the opening, the Italian spread widens slightly, bringing yields on ten-year BTPs back above 5% - The Spanish spread also increases - Piazza Affari opens badly.
Germany is unable to place all the 5 billion offered in bunds - With tomorrow's expectations for Draghi, the German title is starting to lose its safe haven appeal - Yields stable at 1,42% - Spread Btp-bund down…
European lists are recovering, after having noted with pleasure that the "safe haven" of Bunds has lost part of its appeal, a sign that appetite for risk is returning - German auctions collected less than the offer - A…
The Treasury of Madrid placed 3,5 billion annual government bonds at 3,07%, against 3,9% in July - For the 18-month Bono, the yield fell to 3,34%, against the previous 4,24 ,XNUMX%.
