Salvini quoted by a report in the Corriere
- Says that he sees first signs of economic attack against Italy
Well, with headlines such as those is he expecting anything different? BTPs have come under renewed pressure lately as Italy's budget debate shifts closer to the spotlight. The new government has until the end of September to draw up the budget proposal before submitting them to the EU for review in October.
And with the government continuing to feed headlines that there could be a dispute with the EU on the proposal, it's causing investors to be a little nervous and we have seen that reflected as bond yields begin to rise again. The spread between Italian and German 10-year bond yields are now rising back towards the highs seen in May as Italy was forming its new government:
