Italian Bond Rally Hits a Hurdle as Election Uncertainty Grows (By Bloomberg)

Source: Investing.com

This week’s rally in Italian bonds has come to a halt on uncertainty over whether the country is heading for an election. Benchmark 10-year yields jumped Friday, after falling to a three-year low Thursday, on a report that Deputy Prime Minister Matteo Salvini hadn’t decided whether to hold a snap election. The securities are still on their longest-winning weekly streak in five years as investors bet on monetary policy easing by the European Central Bank. …Continue reading