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Italian Bond Crisis Provides Opportunities In Spanish And Portuguese Bonds

Following concerns around the impact of the political situation in Italy on markets, Fabrizio Quirighetti, CIO and Co-Head of Multi-Asset at SYZ Asset Management, commented: “The recent change in attitude of the Italian populist-extremist coalition towards the euro has triggered the current crisis. Until mid-March, the campaigns and narratives of the Five Star and Lega parties were primarily focused on immigration, and thus had almost no impact on markets. “Given the magnitude of the jump in Italian government bond yields over the last few days, we can really speak about a crisis. The markets are reacting normally for a crisis, with safe-havens including...