10-year Italian bond yields fall to 0.50%
Super Mario is back and the market continues to show a vote of confidence in him as BTPs push higher with yields falling to a record low in the European morning today.
The transformation of Italian bonds over the past year is quite notable, especially since Lagarde & co. had previously claimed that they were “not here to close the spreads”. That said, there is still some credit risk involved with the spread being ~95 bps.
This article was originally published by Forexlive.com. Read the original article here.