The spread between Italian BTPs and German Bunds fell to 79 basis points, falling below the psychological threshold of 80 points for the first time in weeks. The spread is under 80 points after two weeksThe spread between Italian BTPs and German Bunds had not fallen below 80 points since July 16th. Spreads falling, but yields still highThe spread reached 79 basis points on the morning of August 4, a decline caused by a reduction in yields to 3.93%, compared to 3.14% on 10-year German Bunds. Because the spread is decreasingThe reduction in the spread is mainly linked to the war in the Middle East. They brought the spread back to 80 points, with yields of 3.94%.