Italian Jobless No Obstacle as Bond Yields Hit Lows: Euro Credit
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Italy is finding a record unemployment rate is no impediment for bond investors.
The country’s debt rallied in the first quarter on expectations the euro area is recovering from the financial crisis, bringing Italy along with it. After the European Central Bank signaled it may deploy new measures to stoke growth, the nation’s 10-year bond yield plunged to new lows this week.