Euro zone bond yields rise on improving risk sentiment, Italy in focus

Published by
Reuters UK

By Samuel Indyk LONDON (Reuters) -Euro zone borrowing costs rose sharply on Monday on improving risk appetite as investors scaled back expectations of outsized interest rate hikes in the euro area and the United States, while political turmoil in Rome weighed on Italian bonds. Caution ahead of this week’s European Central Bank (ECB) meeting kept bond markets in a defensive mood, with Italy still in the spotlight. Italy’s Prime Minister Mario Draghi tendered his resignation last week after one of the parties in his broad coalition, the 5-Star Movement, refused to back the government in a parlia…

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