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Bring a large pot of salted water to boil over high heat. Add the pasta and cook according to package instructions. Drain and set aside.
Add the pancetta to a large skillet and saute over medium-low heat until crisp, about 8 minutes. Transfer the pancetta to a bowl using a slotted spoon.
Add the half and half to the skillet and bring to a simmer. Whisk the egg yolks into the sauce. Whisk in the Parmesan cheese. Stir in the black pepper. Taste for salt and season if needed. I find no salt is needed since the cheese adds plenty of saltiness.
Add the cooked spaghetti, bacon and basil to the skillet and toss well to combine.
Garnish with more Parmesan cheese if desired and serve immediately.