Swiss Economicblogs.org
Risk of contagion from the volatile Italian bond market leading us to become bearish on euro peripheral debt.Italian sovereign bonds remain under pressure due to domestic political turmoil. The coming months could remain volatile. The lack of an elected government until later this year will probably lead rating agencies to put Italy on a negative watch, although they could wait for the formation of a new government before downgrading Italy’s rating. Such a downgrade would be very likely if a...
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