Italy 10-year bond yields down by over 15 bps to start the day
Chances of a snap election is less likely now and that is giving more confidence to Italian assets to kick start the week. Just be reminded that Salvini is the number euroskeptic figure in the country and the result above will bolster Conte's government a bit more.
The more positive take on the move in Italian bonds today is better reflected in the BTP/Bund spread, where we're see a significant narrowing in the spread today (141 bps now):
