Italian BTPs rally after surprise upgrade with green framework and dollar bond expected soon
by Burhan Khadbai
October 26, 2020 11:30 AM
Italian government bonds rallied across the curve on Monday after S&P upgraded its outlook on the sovereign on Friday in response to the country’s extraordinary fiscal measures and support from the European Central Bank’s asset purchase programme and the European Union’s incoming recovery fund. The positive sentiment bodes well for the imminent publication of Italy’s green bond framework and plans to return to the dollar market in the coming weeks.
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