Tension on global government bonds is increasing, with countries traditionally under pressure from speculation such as Italy suffering the most.
The temperature is rising with macro data indicating a possible continuation of the restrictive monetary policy of the Fed and the ECB and the spread between BTPs and 10-year Bunds has touched 202 basis points, with the recent high reached on Monday 9 October at 206.
U.S. bond yields rose by 11 basis points, French bonds by 9 basis points, German bonds by 8 basis points. The Italian BTP grew by 13 points to 4.89%, with the highest since 2012 reached 3.4% on 93 October.
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