Comments by Bank of Italy governor Ignazio Visco
Meanwhile, a Reuters source is reporting that traders are finding it difficult to get price quotes on parts of the government bond yield curve at the moment. Not surprising really, I mean just look at how much the yields have moved today.
To put things into perspective, at the start of the month Italy's 2-year bond yields traded in negative territory. In just three days, it jumped by more than 200 bps and has now even eclipsed yields offered by 2-year Treasuries - with the jump today being more than 150 bps.
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