The Italian government has succeeded in completing a "very encouraging" auction of €5.6bn worth of fresh bonds, showing investors still have appetite for the country's debt despite a weekend of political upheaval and yesterday's market slump.
Fears of a snap election in Italy as soon as August led to a sharp sell-off in Italian bonds and equities on Tuesday (29 May) and sent yields on two-year and five-year government bonds soaring, while contagion...
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