Italian Bonds Are Tumbling

Thursday, August 30, 2018
By Paul Martin

by Tyler Durden
ZeroHedge.com
Thu, 08/30/2018

Whether it is due to contagion from the latest emerging markets selloff, or growing concerns about Italy’s budget demands, another market that has gotten whacked on Thursday is the Italian bond market where BTP futures have reversed earlier post-auction gains, dropping to a day low as risk-off sentiment spreads across markets.

As a result, the Italian curve is bear flattening, with the 2y +14bps to 1.30%…

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