how do we put it? – Free Daily

The Meloni government it doesn’t scare the markets, on the contrary. This morning there was a downward start for the BTP/Bund spread, which is at a level of 190 points, after yesterday’s close at 193 points. The 10-year yield, on the other hand, is 3.769%, down from 3 .89% on Wednesday. It is not the first time that the premier has been welcomed positively by the markets. To tell the truth, Giorgia Meloni would never have created disruptions from that point of view from the beginning of her journey at Palazzo Chigi.

Just think of the fact that the first session of the financial markets after taking office was positive, with stock indexes rising and the BTP-Bund spread decreasing sharply. Going into detail, the 10-year yield – following the premier’s inauguration on Sunday 23 October – had fallen below 4.60% from 4.77% the previous Friday. At the same time the spread with the Bund of the same duration had decreased up to 225 basis points: it was the lowest level for about a month, i.e. since before the September 25 elections. According to analysts and observers, there would have been no major disturbances simply because the inauguration of the Meloni government, as well as the victory of the center-right in the elections, was rather obvious.

The markets have not shown signs of suffering even in one of perhaps the most critical moments of the Meloni government so far, namely the tensions with France on the issue of migrants. In those days of back and forth between the Italian premier and Macron, the spread remained in any case below 200. It was around 190, the lowest since last May. The oppositions, on the other hand, had foreseen catastrophic scenarios. Meloni would have been rewarded by the fact that she is demonstrating budget prudence, in line with the previous executive, led by Mario Draghi.