BTp: spread falls to 123 points at the start of trading, 10-year yield at 4.58 per cent

(Il Sole 24 Ore Radiocor) - Eurozone government bond yields opened at the previous day’s levels. The benchmark 10-year BTP, maturing on 1 July 2036, is yielding 4.58 per cent, compared with the 4.59 per cent at which it closed yesterday’s session. The spread against the German Bund has narrowed to 123 basis points from 126 yesterday. Last week ended with the 10-year yield at around 4.46 per cent.

There has been a slight improvement for French OATs, which are trading on the secondary market with a yield of 5.05 per cent on the 10-year maturity (5.09 per cent yesterday) and a spread that has fallen to 172 points.

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