LONDON - The cost of Italy’s debt rose for the third day in a row on Wednesday as Deputy Prime Minister Matteo Salvini called on the European Central Bank to guarantee government debt in order to keep bond yields low.
Italy’s government bond yields were up to three basis points higher across the curve with its 10-year rising to a day’s high of 2.73%. “The deficit debate is still open and there will be a clash with Europe which will intensify,” said Rainer Guntermann, rates strategist at Commerzbank. French inflation slowed to its lowest level in nearly two years in May, according to preliminary EU-harmonized data from the INSEE statistics agency on Wednesday.
Detroit
Fortunately the ECB is independent. And not listening to such nonsense. Too much debt and he doesn’t know how to finance.
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