The BTP-Bund spread closed sharply lower at 113 points, down 5.7 basis points from the previous level. The measure tracks the difference in yields between Italy’s and Germany’s 10-year government bonds.
Yields declined amid hopes for peace in Iran, which were accompanied by a steep drop in oil and gas prices. Italy’s 10-year BTP yield fell by almost nine basis points to 4.42%.
Sources: ANSA Economia.