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Italy’s Age-Old Problems No Longer Scare Bond Investors

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Even as Italy heads for a period of volatile politics, budget disputes and possible credit downgrades, investors are sticking with the nation’s debt.

That’s because the fiscal and monetary firepower of the European Union and European Central Bank is shielding Italy’s bond market from the uncertainty ahead, according to BlueBay Asset Management LLP, AllianceBernstein and Axa Investment Managers.