The markets “thank” BTp (for now). But the bill remains high for the Treasury

The markets “grace” Italy for the moment keeping the BTp-Bund spread at acceptable levels despite the government crisis, but the Treasury has its work cut out to keep theinevitable increase in debt financing burdens caused by the rise in interest rates. In the first six months of the year, the average cost of issuing Italian government bonds stood at 0.91%, nine times more compared to the historical low (and probably unrepeatable) of the previous year.

A (not entirely) Italian fault

The effect, right …