BTPs: spread rises to 102 points at the close; 10-year yield falls to 4.60 per cent
(Il Sole 24 Ore Radiocor) - The spread between BTPs and Bunds has consolidated above the 100-basis-point mark at the end of a trading session in which buying on the secondary market favoured the government bonds of the ‘core’ European countries at the expense of those from peripheral nations. Against a backdrop that continues to be dominated by tensions in the oil market, the yield spread between the benchmark 10-year BTP and the German government bond of the same maturity ended the session at 102 basis points, up from the previous session’s 100 basis points, reaching its highest level since May 2025. The yield on the benchmark 10-year BTp edged down slightly, closing at 4.60 per cent, down from 4.62 per cent at the previous day’s close, close to the highs reached in October 2023. The yield on the German Bund closed the session down at 3.58%, whilst the French 10-year OAT was again under pressure, rising to 4.84% (4.81% yesterday), still at its highest level in 18 years and with a spread over the German Bund of 126 basis points.
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