NewsFeeder
06-02-2018, 02:30 PM
Think the Italy panic was bad? Just wait until central banks turn off the spigot
If investors thought the temporary shock waves created by Italy’s political turmoil earlier this week was bad, they should imagine what it would have felt like if global central banks weren’t still providing support via easy monetary policy. On Tuesday, the rout in Italian government paper saw the 2-year note yield (XTUP:TMBMKIT-10Y=X)*climb more than 150 basis points, to post its largest one-day jump in more than 25 years.
https://finance.yahoo.com/m/e906f550-3614-38f5-9d53-e314272e73d2/think-the-italy-panic-was.html?.tsrc=rss
If investors thought the temporary shock waves created by Italy’s political turmoil earlier this week was bad, they should imagine what it would have felt like if global central banks weren’t still providing support via easy monetary policy. On Tuesday, the rout in Italian government paper saw the 2-year note yield (XTUP:TMBMKIT-10Y=X)*climb more than 150 basis points, to post its largest one-day jump in more than 25 years.
https://finance.yahoo.com/m/e906f550-3614-38f5-9d53-e314272e73d2/think-the-italy-panic-was.html?.tsrc=rss