Spread down again | Under 260 points

German stock market
German stock market

The spread between BTPs and German Bunds on ten-year bonds is still down: yesterday it reached a minimum of 256 points close to the last minimum of 259. We are at the levels of July 2011. The BTP exchange rates are close to 4.14%. We are at the level of November 2010.

German stock market

German stock market

Bots have gone even better than the older brothers because they have registered rates below 1% – exactly 0.864%. Surely trending in interest rates has a positive role of the first agreement on the Fiscal Cliff and the rules of Basel 3 which are less burdensome to lenders. By comparison, the previous issue of Bot was made on average at the rate of 1.456%. This has been good for Spain, 5.8 billion of securities placed – the goal was to collect five billion – an average rate of 3.98% in five years.

Eurozone crisis

Eurozone crisis

Meanwhile, in the stock market since Silvio Berlusconi announced his descent into yet another field, Mediaset has recovered its breath since it grew by 33% in one year.

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