Have to wonder which of the big banks got their hands caught in the cookie jar holding Italian bonds
Step forward the ECB, they have bought every bond issued by the Bank of Italy since QE started !!!!!!
and talking of the EU acting like thugs….we get this
“Italians Furious After EU’s Oettinger Says “Markets Will Teach Them” Not To Vote For Populists”
and no it is not getting better
Italian 10’s last @ 3.25 %….up 21 % on day and the Bund spread, was 2.94 up 28 % on the day !!!!!!!!!
Only the Rig is holding PM prices here.