BTPs: flight to quality boosts the Bund, spread jumps to 128 points

(Il Sole 24 Ore Radiocor) - The spread between BTPs and Bunds continues to widen on a day when Italia and France are being penalised by a flight to quality that is primarily favouring the German Bund. At midday, the yield spread between Italia and Germany on 10-year bonds stood at 128 basis points, its highest level since April 2025 (118 bp at yesterday’s close). The yield on the benchmark 10-year BTp, at 4.69 per cent, has seen its spread widen against the German 10-year Bund, which currently stands at 3.43 per cent, down from 3.52 per cent the previous day.

Cel