(ANSA) – MILAN, 08 DEC – Italian government bonds under pressure after Pfizer offered reassurances on the ability of its vaccines to counter the Omicron variant of Covid. The BTP-Bund spread has reached its highest level in a year now, at 135.6 basis points, with the gap between our ten-year and German ones that has widened by more than 5 basis points, while the yield on BTPs rises by 10 points, reaching 1.02%. Our government bonds are discounting market bets for an acceleration in monetary tightening by the ECB in the event that Omicron does not undermine the ongoing economic recovery. (HANDLE).
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