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Italian Bonds Surge as Central Bank Bets Ignite Hunt for Yield

  • Ten-year yields drop to lowest level since May last year
  • This is a yield grab with a ‘capital Y,’ says Robeco
Updated on

Italy’s bonds rallied to unwind all the losses suffered since the country’s coalition government took office last year.

The yield on the nation’s benchmark notes slumped to the lowest since May 2018, before the populist administration started to roil markets with its ambitious spending plans.