BTP-Bund spread closes at 113.8 basis points

The spread between Italy's BTPs and Germany's Bunds closed at 113.8 basis points.

BTPs are Italian government bonds, while Bunds are German government bonds.

The spread measures the difference between their yields, or the returns investors get from holding them.

A basis point is one hundredth of a percentage point.

The figure shows the yield gap between the two countries' bonds at the market close.

The update gives no further details on how the spread changed or what may happen next.