According to a report by Repubblica
- A cut of 0.2% is not enough
- Says that Salvini and Di Maio are involved in discussions with the European Commission
Suddenly, all the optimism from Italy's reported willingness to compromise is being sapped out of markets. Expect the headlines here as well as the report that the EU is looking to open EDP measures against Italy to weigh on Italian bonds later today.
In turn, keep an eye on how much yields there will blow up as it could possibly have a spillover effect on the euro in the session ahead.
