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BTP/Bund Spread Widens Past 160bps As Core FI/Equities Remain Pressured

BTP

Peripheral spreads have widened through the afternoon, with core global FI markets and equities remaining under pressure post-US retail sales data.

  • The 10Y BTP/Bund spread is 3.7bps wider at 160.9bps, up around 4bps from midday London time.
  • The spread hits the widest levels seen in a week, after some early ’24 tightening on strong demand for Italian and Spanish bond syndications.
  • Spanish, Greek and Portuguese spreads have also widened 1-2bps on the day.
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