Spread Btp-Bund torna sopra i 200 pb

The hawkish comments arrived today from various ECB representatives are fueling the increase in yields and government bonds and the widening of the BTP-Bund spread. The yield spread between BTPs and Bunds has returned to above 200bps this afternoon and is currently close to 204bps. The 10-year BTP yield is 2.97%.

Comments from ECB policy makers all converge on the need to tackle inflation and thus start raising interest rates as early as July. “The most important thing is that we start to raise rates”, said today the number one of the Bundesbank and member of the Governing Council of the European Central Bank.