Italy Bonds Slip on Worries Over Populists' Cabinet Choices
- League’s Salvini says Savona top choice for economy minister
- Less euroskeptic finance candidate may bring relief: Nomura
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Italian bonds reversed gains as investors worried about the populist coalition’s candidates to run the euro-area’s third-largest economy.
The securities slipped back to take yields near the highest since 2015 after the League party’s leader Matteo Salvini confirmed he wants Paolo Savona to be Italy’s next economy minister, following earlier speculation over a less euroskeptic candidate. Savona has repeatedly called on the government to plan for a possible euro exit.