Government bonds, still a record in the Btp-Bund differential

The government bond market is still a source of concern. The spread between the yield premiums that investors ask for to keep ten-year BTPs in their portfolios compared to the equivalent German Bunds continues to grow. The latest record was set today when the range, which returned steadily above the two basis point threshold, reached a peak of 221,6 bps (it stopped at 216 bps on Friday). The difference represents the record since monetary union. An increase of 20 cents was also marked in the spread between German and Greek bonds.