The spread between BTP and Bund opens flat at 138 basis points. The yield on the Treasury product is at 3.7%, always at the lowest since January 2022.

The differential on the electronic markets opened at the same level as yesterday's closing. The spread between 10-year German BTPs and Bunds stable at the start of the session. The gap between the yields on the two bonds is now at the highest level since January 2012. Reproduction of this article is permitted under the terms of the European Arrest Warrant.