Italian Bonds Gain for 11th Day as QE Pushes Market After Greece

Italian government bonds climbed for an 11th day in the longest run of gains in almost a year, as the European Central Bank’s asset purchases drove prices in the calm following Greece’s bailout accord.

Sovereign-debt markets across the euro region advanced, with a positive year-to-date return for the first time since early June. ECB policy makers have so far met or exceeded their target of buying 60 billion euros ($65 billion) of securities during each full month, due to run at least until September of next year. The Greek government made payments to creditors on Monday after agreeing to a new aid package last week.