The prospect of an end to the dispute to the Italian household investors are encouraged to buy bonds in the country. This pushed the yield on ten-year title on Wednesday on a Three-month Low of 2,782 percent. The two-year paper yielded with 0,395 per cent, even as low as last updated seven months ago.
boost also received the Italian banks, which have plenty of Bonds in their portfolios. The sector index rose by 4 per cent, and in his wind shadow of the leading index of the Milan stock exchange by 1.5 percent.
The Italian government submits that the dispute with the EU-Commission presents the budget deficit in 2019. According to insiders, the Brussels authority has accepted the current budget draft with a deficit of 2.04, instead of the 2.4 percent of annual economic output. “With an agreement all of us had expected,” said Commerzbank investment strategist Michael Leister. “However, only in the first or second quarter of next year.”