Italian government bonds increase as worries over debt subside

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Last Updated on August 1, 2022 by Bitfinsider

Investors bet that a new administration would adhere to EU budgetary guidelines, allaying concerns that the country might experience a debt crisis, driving up the price of Italian government bonds on Monday.

The yield on Italy’s 10-year debt dropped below 3% for the first time since May after Giorgia Meloni, leader of the Brothers of Italy party and a front-runner for prime minister, assured uneasy investors that, if elected, she would adhere to EU budget regulations.

The carefully observed spread, sometimes known as the differential between Italian and German 10-year yields, shrunk to 2.2 percentage points.

After a protracted sell-off in Italian debt brought on by political unrest and impending elections following Mario Draghi’s resignation as prime minister, the market has since recovered.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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