Italian Bonds Fall as Conte's Maiden Speech Sets ‘Radical’ Plans
- Conte stands by Five Star, League’s populist policy program
- Euro weakens ahead of vote of confidence on the government
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Italian bonds extended losses as Premier Giuseppe Conte reiterated in his maiden speech to Parliament that the new populist government will pursue a radical policy program.
Benchmark yields snapped four days of declines as Conte vowed to push through populist measures based on a program of fiscal expansion. The euro also weakened ahead of a vote of confidence on Conte’s government in the Senate on Tuesday evening.