Italy Bond Investors Not Losing Sleep Over Political Woes: Chart
(Bloomberg) -- Investors in Italian debt are signaling that all’s well despite the deadlock in efforts to form a government even two months after national elections. The populist Five Star Movement and far-right League have ended talks, putting paid to prospects of a coalition coming to power imminently. The premium to cover the risk of a default in the nation’s sovereign bonds is now at the lowest in almost four years, coinciding with a third monthly rally in benchmark notes.
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