Investors duck out of BTP market as election threatens
Disruption in Italian politics has punished the BTP market this week as the country heads towards a possible autumn general election.
The spread between 10 year BTPs and their equivalent Bunds has swung out from below 200bp in mid July to 230bp at the start of this week, on the back of Italy's deputy prime minister Matteo Salvini saying he wanted to break up the coalition government between his ...
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