Italy Losing Luster as Strikes Tarnish Debt Rally: Euro Credit
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The Italian bond surge delivering better returns than oil, silver or the dollar this year will fade as the nation seeks to borrow 100 billion euros ($136.7 billion) in the second quarter against a backdrop of strikes.
Italian securities due in a year or more have outperformed commodities, currencies and other sovereign debt in 2012, when adjusted for volatility, as budget cuts by Prime Minister Mario Monti and European Central Bank lending spurred demand for the nation’s assets.