Italian Assets Resume Slide After Euroskeptic Appointments
- Benchmark bond yields set for biggest daily jump in two weeks
- Stock index extends losses, heading for two-week low
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Italy’s bonds and stocks slid as the appointment of two euroskeptics to key posts in the nation’s parliament reignited investor concerns over the populist government’s policy.
Shorter-dated bonds led the debt selloff, coming after the securities had recovered ground this month as Finance Minister Giovanni Tria pledged Italy’s commitment to the single currency. The benchmark stock index headed for a two-week low as banks fell, while the euro slipped to an 11-month low.