Italy Is Racing to Keep Debt Costs Lower for Longer
- Treasury has extended maturities most among peers since March
- Morgan Stanley says Italy could save 300 million euros in 2020
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Italy is seizing on the torrent of stimulus in Europe to push its mountain of debt payments further into the future.
Since the onset of the pandemic in March, the nation’s Treasury has extended the maturity on its debt stock by about a year, the most among major peers in the euro area, and 40% more than the average for the region, according to Bloomberg Barclays indexes.