BTp: spread widens to 116 at the start of trading; 10-year yield rises to 4.48 per cent

(Il Sole 24 Ore Radiocor) - The yield on the 10-year BTp is once again approaching the 4.50 per cent mark at the start of trading, which has been characterised by selling in government bonds. The benchmark BTp, maturing on 1 October 2036, is yielding 4.48 per cent, compared with 4.42 per cent at yesterday’s close. The spread against the Bund with the same maturity has widened to 116 basis points from 113 yesterday. French OATs remain under scrutiny, with the 10-year yield rising to 4.95 per cent, representing a spread of 163 basis points over the Bund.

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