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Italian borrowing costs are surging following the ECB decision
Lagarde certainly isn't there to close spread today. Italian 10-year yields are up 26.8 bps today to 4.125% -- all of it since the ECB's decision.
With US 10-year yields down 4 bps today to 3.46%, the spread is +66 in favor of BTPs. That's positive for the euro.
This article was written by Adam Button at www.forexlive.com... Read More Posted: Dec 15 2022, 14:15
Author Name: forexlive
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