Spread falls below 120 basis points; BPT remains at 3.3%

The spread between BTPs and Bunds is at 117 basis points on Monday morning, with the 10-year BTP/Bund differential down 0.3% from Friday's trading day.

Spread falls below 120 basis points; BPT remains at 3.3%

The Italian 10-year yields 3.393%, up 1.1% from Friday. Its intraday high was 3.394%, and its low was 3.354%. Among other maturities, the two-year Rome bond yields 2.509%, the five-year yields 2.764%, and the 30-year yields 4.150%.

Italian bond default risk at 1.0%, 10-year bund yield rises to 2.222%

Five-year Credit Default Swaps on Italian bonds are priced at 56.9, with an implied probability of default of 1.0%. The 10-year Bund is yielding 2.222%, up 1.8% from Friday and with an intraday high of 2.223% and a low of 2.182%. The French 10-year yield is 2.942%, up 1.6%, while the UK 10-year yield is 4.129%, up 1.8%. In the US, the T-Note is yielding 4.113%, up 0.9% from the previous day. Its intraday high was 4.113%, and its low was 4.077%.