10-year Italian bond yields climb as populist parties agree coalition

Euro up against most major currencies

Tom Eckett
Luigi Di Maio. Photo: Mattia Luigi Nappi/Creative Commons CC BY-SA 4.0

Luigi Di Maio. Photo: Mattia Luigi Nappi/Creative Commons CC BY-SA 4.0

After more than two months of deadlock following Italy's election in March, the anti-establishment Five Star Movement announced on Sunday it had joined forces with the far right League in forming a coalition.

Members of both parties met over the weekend to put together a policy programme with Five Star Movement leader Luigi Di Maio stating it had agreed the outlines of a government with the League. However, no prime minister has yet been selected. Di Maio and League leader Matteo Salvini both said they had made policies that will cut taxes, boost welfare and increase efforts to cap immigration, according to Reuters. Di Maio said: "We are writing history and we need a bit more time." Italian Elections 2018: 'The country is a euro-killer' On the news, 10-year Italian government bond yi...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Markets

Industry Voice: PIMCO Secular Outlook

Industry Voice: PIMCO Secular Outlook

Reaching for Resilience

clock 28 June 2022 • 2 min read
Market Movers Blog: S&P 500 slides into bear market

Market Movers Blog: Russia defaults on foreign debt - reports

Latest news and analysis

Investment Week
clock 27 June 2022 • 1 min read
David Kimberley is an investment trusts writer at Kepler & Partners

Opportunity amid madness: Valuations more attractive in wake of panic-driven price drops

Buy opportunities have arisen

David Kimberley
clock 21 June 2022 • 4 min read