BTP/Bund spread

gerit-u-index-germany-italy-e-2016-11-29-10-28-07

Here is daily chart of BTP /bund spread.The higher or wider it goes the more perceived worries or risk there is for Italy.This Spread has been trending higher due to the upcoming Vote On Sunday.Today ECB announced they would temporarily buy  more Italian Bonds  if referendum causes chaos.The ole’ Central bank put in play again.This spread works as a risk barometer for European Stocks,especially banks.Wider=bearish banks and vice versa.I will monitor this spread throughout week.

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