Another positive result for Italy on the government bond front. This morning the Treasury placed 6,5 billion in one-year maturity bonds. yield dropped to 1,762% from 1,94% registered in the similar placement of last month. Well the question, which was 1,76 times the offer.
Immediately after the announcement of the result of the auction, the Btp-Bund spread still travels beyond the 370 points threshold. The yield differential between Italian and German 10-year bonds, after closing yesterday's session at 368 basis points, started to rise again this morning, reaching a maximum for the day of 375. The new width of the gap corresponds to interest on our ten-year bonds equal to 5,041%.
On the equity side, mid-morning Business Square travels in the red by about half a point, slightly better than the other main European stock exchanges. Paris loses 0,9%, Frankfurt 0,7% and London 0,8%.
In Milan, the best stock is that of Luxottica (+0,86%), followed by Intesa Sanpaolo (+0,84%) and Unicredit (+0,7%). Among the worst performers are Pirelli (-2,3%), Enel green Power (-2,5%) and Mediaset (-3,6%).
