GOOD NEWS: Italian Bond Yields Are Only A Tiny Bit Worse Today

gondola venice italy

Photo: Wikimedia Commons

This is good news: Italian bond yields have only creeped up by a little bit today (see here).We’re so used to seeing massive spikes day in an day out, it feels as though investors have suddenly found a wellspring of desire for Italian bonds.

Italian stocks are up 1.1% on the whole.

Germany is up 1%.

France is up a bit less than 1%.

US futures are going nowhere.

The big news of the day will be the Italian budget vote, which will be crucial for Berlusconi’s hopes of staying in power.

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