Italy is rapidly becoming “core” Europe, by which we mean, a country seen as having very little sovereign risk anymore.
Borrowing costs continue to plunge, even in just the last few days.
Here’s a beautiful 5-year chart of yields on the Italian 2-year. Not only are they close to the lows for the period, they’ve had a nice job in recent days.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.