December 29, 2017 / 1:18 PM / 4 months ago

Election nerves push Italian bond yields past 2 percent for first time since October

LONDON (Reuters) - Italy’s 10-year government bond yield IT10YT=TWEB topped 2 percent on Friday for the first time since late October, a day after the country’s president announced it would hold a general election on March 4.

FILE PHOTO: Italian Prime Minister Paolo Gentiloni attends a news conference in Rome, Italy, December 23, 2016. REUTERS/Remo Casilli/File Photo

The vote is expected to produce a hung parliament which could result in instability and possible market turbulence for the euro zone’s third largest economy.

Reporting by Fanny Potkin; editing by Marc Jones

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below