Investors to stick with Italy, says BTP boss

Italy 230
By Lewis McLellan
31 Mar 2020

Italy’s borrowing is set to increase as it attempts to weather the economic impact of coronavirus. But Davide Iacovoni, director general of the Italian public debt office, told GlobalCapital that he did not expect investors to abandon the country’s debt. He also called for some form of European risk sharing.

As a peripheral eurozone government, and the country in Europe most affected by the virus, Italy’s bond yields rose sharply in early March as investors fled for safe havens. Ten year BTP yields rose from close to all-time lows below 1% in early March to 2.95%. “Volatility was very ...

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