Spread little moved, yields fall in Europe

The spread between BTPs and Bunds is at 127 basis points on Tuesday morning, with the 10-year BTP/Bund differential down 0.6% from Monday's trading day.

The Italian 10-year yields 3.495%, down 1.6% from Monday and with an intraday high of 3.545% and a low of 3.488%.

Among other maturities, the two-year Rome bond yields 2.762%, the five-year yields 2.951% and the 30-year yields 4.249%.

Five-year Credit Default Swaps on Italian bonds are priced at 59.9, with an implied probability of default of 1.0%.

The 10-year Bund is yielding 2.231%, down 1.9% from Monday and with an intraday high of 2.275% and a low of 2.223%.

The French 10-year is yielding 2.981%, down 1.8%, while the UK 10-year yield is 4.247%, up 0.2%.

In the US, the T-Note is yielding 4.083%, down 1.0% and with an intraday high of 4.148% and a low of 4.079%.