Spread BTP-Bund jumps to 241 points, then folds back to 239

The tension on government bonds in Europe is not easing ahead of the Fed meeting. The spread between BTP and Bund rises to 241 points, reaching the level of June 14, before falling back to 239 points.

The 10-year yield of the Italian ten-year rate increased by 10 basis points to 3.33% The rates of government bonds of 'peripheral' countries were also in tension with the Spanish rate at 2.13% (+3.5 points) and the Greek at 2.98% (+3 points).

The yield of the 6-month Bot offered in auction by the Treasury returns to positive for the first time since June 2020.

The yield rose to 0.628% from -0.088% on the May placement.

Assigned 6 billion euros against a demand that reached 8.817 billion.