Spain, Italy in focus as ECB fails to stop rout
The European Central Bank came under fire this week for a lack of transparency in its sovereign bonds purchase programme — which is now being viewed by many bankers and analysts as creating dislocation in the government bond markets when only three weeks ago it was heralded as its saviour.
Spanish and Italian government bonds have sharply underperformed in the last three weeks as peripheral sovereigns generally have continued to widen despite investors returning to other
"There are signs of risk appetite returning with equity markets picking up today (Thursday) but when there is a return to risk
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