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.