Even the Italian elections in late February seem not to have upset markets too much (at least so far). Although interest-rate spreads for Italian and Spanish ten-year bonds relative to German bonds briefly jumped 30-50 basis points after the results were announced, they then eased to 300-350 basis points, compared to 500-600 basis points before the ECB’s decision to establish its “outright monetary transactions” program.
就连2月末的意大利选举也没有给市场带来多大不安（至少到目前为止是如此）。尽管意大利和西班牙十年期债券相对德国的利差在结果公布后扩大了30—50个基点，但随后减小至300—350个基点，而在欧洲央行的“直接货币交易”计划决定之前，利差高达500—600个基点。