Italy's State bonds came under more
pressure on the money markets on Wednesday as investors wait to
see how the incoming government will handle the public finances
following the victory of a rightwing coalition in Sunday's
general election.
The spread between the 10-year BTP bond and the German Bund rose
above 250 basis points, rising to 258, up almost eight points on
Tuesday's closing value.
The yield on the 10-year BTP was up another two basis points to
4.90%.
Mario Draghi's outgoing government is meeting Wednesday
afternoon to look at an update to the government's DEF economic
blueprint (NADEF).
Draghi's office on Wednesday denied a newspaper report that he
was liaising with likely next premier Giorgia Meloni of the hard
right Brothers of Italy (FdI) party over Italy's financial and
international commitments.
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