BTP rates soar towards the wall 1% with fears of the ECB curbing the PEPP in June, then flop payrolls Us brings back the calm

Conspicuous sales today on BTPs with the Italian ten-year yield reaching 0.93%, on the top since September 2020 and up sharply from 0.87% yesterday. The sales were triggered by the words of Martin Kazaks, ECB member and governor of the central bank of Latvia, who in an interview with Bloomberg indicated the possibility that in June the central bank decides to slow down the pace of bond purchases if the financing costs will remain low.

The pressures on BTPs and all government bonds in general have eased in the last half hour following the US non-farm payrolls in April, which were decidedly weaker than expected and which led to a decline in US Treasury yields.