***BTp: spread closes higher at 127 pts after Lagarde, yield rises to 3.71%

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(Il Sole 24 Ore Radiocor Plus) – Rome, 20 March – The spread between BTp and Bund closed on the rise in a session of progressive increase in rates on Italian bonds which returned above 3.7% in the ten-year maturity. ECB President Christine Lagarde confirmed her willingness to evaluate a first cut in Eurozone interest rates in June if the inflation data confirm the trend, underlining however that subsequent decisions will in any case be linked to macroeconomic data on the economic situation . Waiting for Federal Reserve decisions this evening. The yield differential between the benchmark ten-year BTp (Isin IT0005560948) and the German equivalent maturity closed at 127 points compared to 125 points at the closing the day before. The 10-year yield of the Italian bond returned to 3.71% from 3.70% yesterday (3.66% at the opening).

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(RADIOCOR) 20-03-24 17:47:41 (0589) 3 NNNN

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