BTp: spread opens lower at 71 basis points; 10-year yield falls to 3.67%

Following the US-Iran agreement. A new 'Italia' BTP bond is launched today

Yields are falling on the secondary market for Eurozone government bonds following the announcement of an agreement to end hostilities in the Middle East between the US and Iran. The benchmark 10-year BTP, maturing on 1 February 2036, opened at a yield of 3.67%, down from 3.73% at Friday evening’s close. The spread with the yield on the 10-year German Bund narrowed to 71 basis points from 73 on Friday evening.

Today in Italia, the focus will be on the primary market with the launch of the new BTp Italia Sì, a 5-year index-linked bond aimed at retail investors.

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