Italy agrees to deficit-to-GDP targets of:
2.4% in 2019
2.1% in 2020
1.8% in 2021
I'd like to see the growth assumption numbers behind those. But right now all the Italian bond market cares about is the headline. Italy 10s are down 14 bps to 3.31%.
The euro is struggling today but a bit part of that story is broad USD strength.
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