16 June 2019
Posted in
sentix Weekly
Bella Italia? Not for bonds.
The discussion about Italy's debt sustainability and the possible introduction of mini bots have led to a new all-time low in the strategic bias on Italian bonds. A new negative record has also been set relative to German bonds. Will this provide new food for the euro crisis? Already in 2017, a negative relative development in bias was a harbinger of a price weakness of BTPs in the summer.