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DC Plan Sponsors Should Look Further Than Their Own Backyard
AllianceBernstein • Tue, May 21
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Tue, May 21 • 96 Comments
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Mon, May 20 • 46 Comments
Euro Spreads Decline
Bespoke Investment Group • Wed, Apr 17
Italy And Spain Shrug Off Cyprus
Bespoke Investment Group • Tue, Mar 19 • 1 Comment
26 ETNs May See Premiums And Discounts After Issuance Halted
Tom Lydon • Fri, Mar 15 • 3 Comments
Politics And Investments In Italy: Keep Calm And Carry On
Francesco Checcacci • Thu, Feb 28
2 Additional ETF Trends Flash Yellow Warning Signs
Gary Gordon • Wed, Feb 27 • 4 Comments
Euro Spreads Widen Out
Bespoke Investment Group • Tue, Feb 26
Eurozone Peripherals: Opportunities For 2013
Francesco Checcacci • Mon, Jan 14
High Drama: Billionaire Berlusconi Returns And With Him, Risk
Colin Lokey • Mon, Dec 10, 2012 • 4 Comments
European Spreads Remain Contained
Bespoke Investment Group • Wed, Dec 5, 2012 • 1 Comment
Europe: Can't Fix Credit? Muzzle The Ratings Agencies
Richard Shaw • Wed, Nov 28, 2012 • 19 Comments
Sovereign Debt Default Risk Plummets
Bespoke Investment Group • Sun, Sep 16, 2012 • 1 Comment
ECB Meeting: What To Expect And How To Position
Colin Lokey • Sat, Sep 1, 2012 • 28 Comments
ECB Post-Mortem And U.S. Jobs
Marc Chandler • Fri, Aug 3, 2012
The Bogus AAA Sovereign Stupidity Arbitrage
Russ Winter • Wed, Jul 25, 2012 • 3 Comments
Time To Bet Against Germany?
Shareholders Unite • Tue, Jul 24, 2012 • 23 Comments
Divergence Does Not Bode Well For Stocks And Credit
Bondsquawk • Mon, Jul 23, 2012 • 2 Comments
Will Italy Need A Bailout?
George Liu • Thu, Jul 12, 2012 • 33 Comments

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Will Italy Need A Bailout?
George Liu • Thu, Jul 12, 2012 • 33 Comments
Italy Borrows High To Lend Low: The Fallacy Of The Spanish Bailout
Richard Bailey • Thu, Jun 14, 2012 • 73 Comments
Italian Bond ETFs: High Risk, High Reward
Zacks Investment Research • Tue, Feb 7, 2012 • 3 Comments
Clearing Up Big Misconceptions About Shorting: My Idea For Italian Bonds
Kevin McElroy • Sun, Nov 20, 2011 • 14 Comments
Italian Spreads Go 'Hockey Stick'
Bespoke Investment Group • Wed, Nov 9, 2011 • 19 Comments

DC Plan Sponsors Should Look Further Than Their Own Backyard
AllianceBernstein • Tue, May 21
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Tue, May 21 • 96 Comments
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Mon, May 20 • 46 Comments
Euro Spreads Decline
Bespoke Investment Group • Wed, Apr 17
Italy And Spain Shrug Off Cyprus
Bespoke Investment Group • Tue, Mar 19 • 1 Comment
26 ETNs May See Premiums And Discounts After Issuance Halted
Tom Lydon • Fri, Mar 15 • 3 Comments
Politics And Investments In Italy: Keep Calm And Carry On
Francesco Checcacci • Thu, Feb 28
2 Additional ETF Trends Flash Yellow Warning Signs
Gary Gordon • Wed, Feb 27 • 4 Comments
Euro Spreads Widen Out
Bespoke Investment Group • Tue, Feb 26
Eurozone Peripherals: Opportunities For 2013
Francesco Checcacci • Mon, Jan 14
High Drama: Billionaire Berlusconi Returns And With Him, Risk
Colin Lokey • Mon, Dec 10, 2012 • 4 Comments
European Spreads Remain Contained
Bespoke Investment Group • Wed, Dec 5, 2012 • 1 Comment
Europe: Can't Fix Credit? Muzzle The Ratings Agencies
Richard Shaw • Wed, Nov 28, 2012 • 19 Comments
Sovereign Debt Default Risk Plummets
Bespoke Investment Group • Sun, Sep 16, 2012 • 1 Comment
ECB Meeting: What To Expect And How To Position
Colin Lokey • Sat, Sep 1, 2012 • 28 Comments
ECB Post-Mortem And U.S. Jobs
Marc Chandler • Fri, Aug 3, 2012
The Bogus AAA Sovereign Stupidity Arbitrage
Russ Winter • Wed, Jul 25, 2012 • 3 Comments
Time To Bet Against Germany?
Shareholders Unite • Tue, Jul 24, 2012 • 23 Comments
Divergence Does Not Bode Well For Stocks And Credit
Bondsquawk • Mon, Jul 23, 2012 • 2 Comments
5 ETF Surprises From The First Half
Michael Johnston • Thu, Jun 28, 2012

There are no Transcripts on ITLY.

Market Extra: 6 ways to profit from Draghi’s bond plan

at MarketWatch.com (Sep 6, 2012)

ITLY vs. ETF Alternatives

ITLY Description

The PowerShares DB Italian Treasury Bond Futures Exchange Traded Notes (Symbol: ITLY), (collectively, the "PowerShares DB BTP Futures ETNs," or the "ETNs") are the first exchange-traded products to provide investors with leveraged or unleveraged exposure to the U.S. dollar value of the returns of an Italian bond futures index.
See more details on sponsor's website

Country: Italy

Key Info

In Your Portfolio: A Guide to International and Emerging Market Government Bond ETFs
Asset Class Performance: Bonds, Countries

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| On the move

Tuesday, May 21, 5:57 AM Italy's former technocratic leader Mario Monti doesn't agree with George Soros and others who say the stability in the Italian bond market (ITLY, ITLT) is merely the proverbial calm before the storm. The ECB is better equipped now than previously to handle disruptions in the sovereign debt market, Monti says, adding that in his opinion, the steep decline in yields on Italian sovereign debt is sustainable. Monti also predicts that another election is not imminent in Italy as electoral law reform will take at least six months to complete. Comment! [Global & FX]
Monday, May 20, 6:03 AM A report out of Italy showing industrial orders rose 1.6% in March (handily beating estimates and reversing a 2.5% decline in February) helped push the spread between 10-year German bunds (BUND) and comparable Italian government debt (ITLY) to its narrowest level (250bps) since January at one point on Monday, as investors pared safe haven bets. Meanwhile, yields on Slovenian 10-year bonds fell slightly early on, defying Fitch's downgrade. Of course, the ratings agency is still "far behind the market's assessment of Slovenia's creditworthiness," one economist says, adding that as long as S&P maintains its A- rating, Slovenian banks can still pledge their government bonds as collateral in ECB liquidity ops. Comment! [Global & FX]
Sunday, May 12, 6:42 PM Italy is no longer "master of its own destiny," says George Soros, referring to what he believes is the country's perpetual dependence on coordinated action from its EU partners and the ECB. Speaking to an audience in northern Italy, Soros predicted the respite Italy has seen in terms of borrowing costs (ITLY) and spreads to German bunds "will not last long [as] the situation is far from being in balance." Last week, Italy auctioned 12-month bills at a euro-era record low yield. 1 Comment [Global & FX]
Friday, May 10, 6:23 AM How quickly things change. Italian bonds (ITLY), which less than a year ago were pricing in the apocalypse, are now perceived as safer than they have ever been , as Italy sells €7B in 12-month bills at an average yield of 0.703%, the lowest since the country's adoption of the euro. (Also: Spain's borrowing costs fall) 1 Comment
Friday, May 3, 5:28 AM Yields on eurozone sovereign debt fall across the board in the wake of the ECB's rate cut as investors react to Mario Draghi's perceived willingness to cut the deposit rate below zero, something policymaker Ewald Nowotny dismissed as not a near-term option. Yields on French, Austrian, and Belgian bonds hit record lows as spreads against safe haven German bunds (BUND) compress in Italy and Spain. Comment! [Global & FX]
Monday, April 29, 6:25 AM Italy's borrowing costs fall at auction as the country raises €3B in 10-year bonds and €3B in five-year paper. Yields were 3.9% on the 10 and 2.84% on the five. The country's new economic minister has promised to drive down the yields on the country's debt (ITLY). Comment! [Global & FX]
Monday, April 29, 6:13 AM Italian stocks (EWI) rally 1.12% the day after the country's new prime minister was sworn in amid gunfire. The country struggled to install a government and teetered on the verge of political deadlock following fractious elections in February and five inconclusive presidential votes earlier this month. New economic minister Fabrizio Saccomanni has ambitious plans for lowering yields on the country's sovereign debt (ITLY). Comment! [Global & FX]
Sunday, April 28, 3:54 AM Italy has a new government after Prime Minister-designate Enrico Letta of the left-leaning Democratic Party (PD) forged a coalition agreement with Silvio Berlusconi's right-of-center Freedom party (PDL). The uncertainty had roiled markets at various points since elections in February, so it's worth watching EWI, ITLT and ITLY. The government includes Bank of Italy director general Fabrizio Saccomanni, who is close to ECB Governor Mario Draghi. 1 Comment [Global & FX, Top Stories]
Tuesday, April 23, 6:12 AM Italian 10-year bond yields fall 11 bps to 3.98%, dropping below 4% for the first time since November 2010. The decline in yields comes as European stock markets rise amid an improvement in some eurozone PMI data, although the picture is still grim. FTSE Mib +0.9%. Comment! [Global & FX, Top Stories, On the Move]
Monday, April 22, 5:21 AM Milan shares are +2.2% and 10-year bond yields are -9 bps at 4.13% after Italian parliamentarians voted to re-elect 87-year-old Giorgio Napolitano as President. Speculation exists that Napolitano only agreed to take on the role again on the condition that a coalition government will at last be formed. However, a new election can't be ruled out following the resignation of the leader of the center-left Democratic Party after its candidates for president were rejected. 1 Comment [Global & FX, Top Stories, On the Move]
Wednesday, April 17, 8:56 AM Following a nearly 3-week period in which DB halted creations for 26 ETNs on which it's the indexer, the bank finally resumed creations on the notes yesterday. The affected notes follow: BDD, BDG, BOM, BOS, BUNL, BUNT, DEFL, DGP, DGZ, DOD, DTO, DZZ, INFL, ITLT, ITLY, JGBD, JGBL, JGBS, JGBT, LBND, OLO, SBND, SZO, UDNT, UUPT, WMW. 1 Comment
Monday, April 15, 4:24 PM The Italian government's decision to repay €40B in arrears of the more than €100B owed to its corporate sector may help revitalize the economy, but it will also mean raising the amount of debt the country's Treasury will have to issue in 2013 by €20B. The good news: demand was strong for a new retail bond issue aimed at tapping "household savings," as Italy raised €9B Monday. Comment! [Global & FX]
Wednesday, April 10, 10:39 AM What austerity? Italy says its debt to GDP ratio will hit a record 130.4% this year and at 129% will be nearly 6 percent higher in 2014 than previously forecast. The debt hikes partly reflect a €40 payment to the country's private sector aimed at partially settling a near €100B outstanding balance owed to private companies by the government. 3 Comments [Global & FX]
Friday, April 5, 4:56 PM Bridgewater is concerned about Italy. In a letter titled "Could Italy Blow Up The Euro?," the world's largest hedge fund notes that "economic conditions in Italy are as depressed as they've been since the end of WWII," a situation which has invariably led to a "pretty chaotic" political situation. Perhaps most importantly, Italian bank CDS spreads are rising, bad news since "the sovereign is pretty reliant on those banks to buy [government] bonds." Remember: Draghi has "no plan B." 1 Comment [Global & FX]
Sunday, March 31, 3:21 AM Mario Monti will continue as Italy's caretaker Prime Minister until a new government is formed, President Giorgio Napolitano said yesterday. Napolitano will also appoint two committees that will formulate plans for institutional, social and economic reforms that would receive backing from all sides in parliament. Napolitano won't resign ahead of the end of his term in May even though this would facilitate the calling of new elections. 1 Comment [Global & FX, Top Stories]
Friday, March 29, 7:02 AM Pier Luigi Bersani, the head of Italy's center-left Democratic Party, has handed the intractable problem of forming a government back to President Giorgio Napolitano, whose options seem fairly limited. Napolitano could try to cajole a coalition into being or appoint another technocrat government, although his chances of success appear to be slim. The uncertainty has helped unnerve markets this week. 1 Comment [Global & FX, Top Stories]

Michael A. Gayed
Lower demand for Treasuries (TLT) plus higher demand for Italy debt (ITLY) = Bullish Winter Resolution
1/12/12
Reply (3)

• !Report Abuse
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nasalpancho: If the sideline cash tries to chase this -- weeeeeeeeeeeeeeeeeeeeeeeeeee
1/12/12
• !Report Abuse
Josh Krause: If my slow uptake ass can figure out BTFD and create trades on it and almost have the balls to do it, the market is nearing a top.
1/12/12
• !Report Abuse
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LATEST REPLIES

Michael A. Gayed
Lower demand for Treasuries (TLT) plus higher demand for Italy debt (ITLY) = Bullish Winter Resolution
1/12/12
Reply (3)

• !Report Abuse
View all 3 replies
nasalpancho: If the sideline cash tries to chase this -- weeeeeeeeeeeeeeeeeeeeeeeeeee
1/12/12
• !Report Abuse
Josh Krause: If my slow uptake ass can figure out BTFD and create trades on it and almost have the balls to do it, the market is nearing a top.
1/12/12
• !Report Abuse
Add a reply...

140 characters

ITLY PowerShares DB Italian Treasury Bond Futures ETN

ITLY

PowerShares DB Italian Treasury Bond Futures ETN