The current Italian political crisis is obviously less acute than that of Q2 2018. The very benign reaction of the markets is however impressive. The 10-year spread remained in a 10 bp range.
This owes much to the ECB’s action and is yet another proof that QE is not only about reducing yields but also about compressing volatility.
MyStratWeekly : Market views and strategy
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01/20/2021 views
PublicationRead our market review and find out all about our theme of the week in MyStratWeekly with our expert ...