The spread between BTP and Bund widens to 116 points, the French Oat under 5%

Spreads rising in the early afternoon. The spread between BTPs and Bunds widens to 116 basis points.

The Italian 10-year yield rises by two basis points to 4.5%. The French OAF, although growing by four basis points, remains below 5% while consumer confidence in France has fallen to a 13-year low. The German ten-year is down at 3.34%.