Italian Bonds Fall on ECB Stimulus Debate; Greek Securities Rise
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Italian government bonds fell after data showed euro-area inflation was quicker than previously estimated and German business confidence improved, reducing pressure on the European Central Bank to boost stimulus.
Italy’s 10-year securities dropped for the third time in four days as Prime Minister Matteo Renzi’s government prepared to face confidence votes in parliament this week. The ECB is ready to boost stimulus if the deflation risk increases, President Mario Draghi said yesterday. Greek bonds rose as the country’s partners were said to be working on the next review of its bailout. Portugal’s two-year yields dropped to the lowest in more than a month as the nation said it would buy back debt.