Gap between the State's 10-year borrowing rate and Germany's, in basis points (100 bp = 1 percentage point), monthly average. Markets read it as the extra risk premium they demand from the country; it is the « spread » the Italian and French press quote during every budget crisis.· Monthly average: daily peaks are higher
96.7bp
Sep 2026
+18.4 %vs Sep 2025
min −13 Jan 1994max +191 Jan 1990
bp
Frequency
Range
Chart view
Source: ECB, ECB, long-term interest rates for convergence purposes· Data Sep 2026
10-year yield minus Germany’s, monthly average, basis pointsMonthly average: daily peaks are higherUpd. 10/2026