Government bond yields are on the rise as Bundesbank president and ECB member Joachim Nagel dampened enthusiasm on rates on the sidelines of the World Economic Forum in Davos, arguing that "it's too early to talk about cuts."
The spread between BTPs and Bunds stood at 156 points at midday, with the Italian ten-year rate rising by seven basis points to 3.79% and the German one to 2.23% (+6 points). Spain's stock also rose to 3.15% (+7 points) and Greece's to 3.29% (+8 points).
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