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With the BTP rate crisis very close to Greece bonds, heavy Milan

2022-07-20T18:28:44.218Z


The Italian government crisis flattens the yield differential between Italian and Greek government bonds, with Athens two-year bonds now deemed less risky, and 10-year bonds separated by only 7 points. . (ANSA)


(ANSA) - MILAN, 20 JUL - The Italian government crisis flattens the yield differential between Italian and Greek government bonds, with Athens bonds with a two-year maturity that are now judged to be less risky, and 10 years separated by only 7 basis points, the minimum since the beginning of 2022.

The ten-year BTP yields 3.374%, compared to 3.442% in Greece.

The spread drops to just under 2 basis points for the five-year period (2.629% for Italy and 2.645% for Greece) while on the short term Greece beats Italy by 13 basis points: Athens returns 1.616% while Rome l 1.747%.


    The BTP-Bund spread closed at 212 basis points.

The yield differential between Italian and German stocks widened by 8 basis points compared to yesterday's close and just under 20 points compared to the lows of the day, marked after the opening of Draghi, in his communications, to the government's prosecution in the presence of a large support from Parliament.

The yield on BTPs, the worst of the Eurozone government bonds, rises by 6 basis points, to 3.37%.


    The Milan stock exchange closed down sharply: the Ftse Mib index ended trading down by 1.6% to 21,348 points, making Milan the worst of the Old Continent stock exchanges.

Futures on Piazza Affari also sink: ifutures on the Ftse Mib expiring in September 2022 lose 4.1% while the euro slips to 1.015 against the dollar.

The futures on other European stock exchanges are also in red: Madrid loses 1.9%, Paris 1%, Frankfurt 0.7% and London 0.6%.

(HANDLE).


Source: ansa

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