The New Italian Job And The Mother Of All Bond Bubbles

Well, that sure as hell makes sense. Italian bonds are in a rally mode because, apparently, Italy may soon get its 64th paralyzed government since WWII. Accordingly, the 10-year benchmark yield has now broken below 1.0 % for the first time in history. Two days ago Matteo Salvini’s Northern League, which is Italy’s strongest political party and is fast rising under the […]