‘ItaLeave’ Looms Again As Political Uncertainty Sends BTPs Plunging
by Tyler Durden
ZeroHedge.com
Jan 26, 2017
Italian government bond risk is at its highest since before the Referendum as the constitutional court modifications push Europe’s troubled country closer to early elections (and the potential for ‘Italeave’).
While it is no longer clear precisely on what side of the anti-establishment divide 5-Star leader Beppe Grillo can be found after his recently rebuffed attempt to merge with a pro-Europe federalist in the European Parliament, should the 5-Star movement win in the upcoming elections, Europe will be one stop closer to the populist tipping point, especially since that will likely mean new all time highs in global markets.
And it appears the bond market is starting to realize…
The Rest…HERE
