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Record low Italian yields as presidential vote starts


Italy bust borrowing cost records at an auction on Thursday, but investors will be eyeing the progress of the country’s presidential election that started the same day. While a failure by the government to have its selected candidate elected would not trigger a general election — unlike Greece, where just such a development created a major political event in Europe — it would be viewed as a lack of support for prime minister Matteo Renzi, said analysts.

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