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1.Market Observations, 8.Was Sticky

26 Nov 2018 (AFR) – Bank of Italy sounds alarm over stability of banks and insurers

(26 November 2018, AFR, p21, by Kate Allen)

‘Italy’s central bank has sounded the alarm over the country’s rising bond yields, warning that they are set to cost the nation billions a year in additional interest payments on its debt and could threaten the stability of banks and insurers. Italian sovereign bond yields have ratcheted upwards as investors have taken fright at the populist coalition government’s plans to increase public spending even after the EU rejected its draft budget over worries about the country’s vast debt burden.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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