The Milan Stock Exchange closes down. The Ftse Mib recorded a 0.52% at 20,852 points while the European stock exchanges closed higher.
Frankfurt recorded a + 0.36% with the Dax at 12,183 points.
Paris scores + 0.19% with the Cac 40 at 5,765 points while London concludes at + 0.26% with the Ftse 100 at 7.006 points.
The spread between
BTP and Bund closes down below 240 points (239.6) compared to 248.9 at the start
and 11 points less on yesterday's closing.
The yield of the Italian ten-year falls to 4.5%.
TREASURE SELLS 5 BILLION BOTS, YIELD INCREASING 117 BASE POINTS
The Treasury has placed all five billion six-month Bots in auction today, maturing in March 2023. The yield, in the global conditions of high pressure on the bond market, has risen to 1.978%, an increase of almost 117 basis points.
LAGARDE, 'SPREAD SHIELD THAT CAN BE ACTIVATED AT ANY TIME'
The ECB is determined to activate the 'anti-spread shield' at any time, "if we evaluate market dynamics that are not justified by fundamentals and the four criteria we have set are respected, which can be summarized in the fact that the recipient country is doing well at within the European rules ".
This was stated by the president of the ECB during a debate organized by the Atlantic Council at the Frankfurt Forum on US-European Geoeconomics.
Lagarde defended the decision to entrust the activation of the 'Transmission Protection Mechanism' to a debt sustainability analysis carried out by the ECB itself as well as to the assessments of other institutions such as the International Monetary Fund, and reiterated that "if it is an instrument proportionate,