Italian Markets Rally After Finance Minister Commits to Euro
- Two-year bonds lead gains, with yields falling 58 basis points
- Tria says ‘no discussion’ of leaving the common currency
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Italian bonds and stocks surged after Finance Minister Giovanni Tria made assurances that the country would stay committed to the euro.
Stocks headed for the biggest gains since February after Tria told the Corriere della Sera newspaper at the weekend that there was “no discussion” of any proposal to leave the common currency and that the government would also block any market conditions that would “push toward an exit.”