Italian yields drop to record low as Napolitano re-elected

Italy’s government bonds advanced, pushing the two-year note yield to a record low, amid speculation re-elected president Giorgio Napolitano will take the lead in trying to end the nation’s political gridlock.

22nd April, 2013
Italy’s 15-year yield dropped to the lowest in more than six years.

Italy’s government bonds advanced, pushing the two-year note yield to a record low, amid speculation re-elected president Giorgio Napolitano will take the lead in trying to end the nation’s political gridlock.

Italy’s 15-year yield dropped to the lowest in more than six years. Portuguese and Spanish bonds also climbed as Napolitano, 87, prepares to be sworn in for a second seven-year term. He could begin consultations on a new government as...

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