With the news that Italy has finally agreed a new government over the weekend, BlondeMoney offers a fresh view from our very own expert MarioMoney!
Despite the potential profligacy of the anti-establishment 5 Star/League government, the Italian bond market is largely unmoved. That’s what happens when the ECB will end up owning one-third of the government bond market when their QE is complete. Massive debt doesn’t have to mean massive yields, as . . .