Traders Pay Most in Two Years for Italy Stock Protection: Chart

The Italian stock benchmark has sunk 11 percent in just three weeks, and now investors are paying up to hedge against further losses. The cost of bearish options on the FTSE MIB Index has jumped to a two-year high relative to bullish contracts as the country plunged into political turmoil. Yields on two-year bonds ripped through 1 percent on Tuesday.

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