Italian bond yields are -49 BPS at 6.188% following the government's new three-year, €30B...

|By:, SA News Editor
Italian bond yields are -49 BPS at 6.188% following the government's new three-year, €30B ($40.3B) austerity plan, and amid yet more hope that yet another EU summit at the end of the week will finally produce that fabled silver bullet. Or as SocGen called it, "nuclear" policy action, specifically from the ECB.