BTp: spread rises to 126 basis points on a day of selling, yield at 4.59 per cent

(Il Sole 24 Ore Radiocor) - The BTP/Bund spread closed higher on a day of selling in government bonds on the secondary market, where the Bund remained a safe-haven asset, causing spreads to surge.

The yield spread between the Italian 10-year benchmark bond, maturing on 1 July 2036, and the German bond of the same maturity stood at 126 basis points, up sharply from 115 at yesterday’s close. The yield on the Italia 10-year bond also rose, closing at 4.59 per cent compared with 4.57 per cent the previous day.

The OAT/Bund spread also rose, closing at 175 basis points, with the yield on the French 10-year bond standing at 5.09 per cent.

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