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Bridge Collapse Adds to Woes in Worst Euro Corporate-Bond Market

  • Atlantia bond slump drags down Italy’s already lagging returns
  • Italian corporate debt plunged in late May on political crisis
Bloomberg business news
Atlantia Stocks, Bonds Decline as Italy Moves to Revoke Concessions

Italy’s fatal bridge collapse has further hit returns in the euro area’s worst-performing major corporate-bond market this year.

Bridge operator Atlantia SpA’s notes have tumbled since the disaster, helping widen total losses for euro investment-grade Italian corporate notes to 2.1 percent this year, based on a Bloomberg Barclays index. Atlantia debt makes up about 8 percent of the gauge by weight, the fifth-biggest share.