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
88.9bp
Sep 2026
+2.7 %vs Sep 2025
min 13.5 Dec 1998max 695 Oct 1992
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