Remember The One About China Rescuing Italy?

Yesterday, the whole premise of the market’s big comeback was a report that China was going to start buying Italian debt.

It seriously causes a big equity rally.

Today? Not even one bid in the green for Italian bonds.

Here’s the Italian 2-year, blowing out again.


NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.