Italy's Budget: Will it determine the fate of the country's beleaguered government bonds?

The election of an anti-establishment government in Italy sent investors fleeing and Italian government bonds (BTPs) witnessed record outflows earlier this year. Antonio Ruggeri, manager of the OYSTER European Corporate Bonds fund at SYZ Asset Management, argues recent BTP weakness is linked to fiscal policy uncertainty and could come to an end once a Budget proposal is tabled.