SSA market steady after Italian ‘no’ vote, as bankers await ECB action

Italy 230
By Craig McGlashan
05 Dec 2016

The public sector bond market rode out the widely expected ‘no’ result of the Italian constitutional referendum on Sunday night, as bankers looked at a possible silver lining in the form of a more dovish European Central Bank meeting on Thursday.

Any fears of political instability in Europe over the future of the European Union from the Italian result, which led to the resignation of prime minister Matteo Renzi, was also offset by the defeat of a far-right politician in the Austrian presidential election on Sunday and the victory ...

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