Italian Bonds Are Tumbling

Italian Bonds Are Tumbling
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Whether it is due to contagion from the latest emerging markets selloff, or growing concerns about Italy's budget demands, another market that has gotten whacked on Thursday is the Italian bond market where BTP futures have reversed earlier post-auction gains, dropping to a day low as risk-off sentiment spreads across markets.

As a result, the Italian curve is bear flattening, with the 2y +14bps to 1.30%...

... and the 10y BTP yield has ...

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