Italian Voters Are Cheering Populists Toward Market Clash
(Bloomberg) -- Italian coalition leaders Luigi Di Maio and Matteo Salvini keep bashing investors as their country’s borrowing costs climb and the strategy seems to be paying off with their electorate. Combined voting intentions for the two populist coalition partners are surging past 61 percent, with the spread between the nation’s benchmark 10-year bonds and German bunds at a five-year high close. If voters keep cheering on the populists’ provocation, the selloff in Italian assets may still have a way to go.
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