Italian sovereign debt continues its sharp improvement, the 10-year yield off 20 bps to 4.99% -...

|By:, SA News Editor

Italian sovereign debt continues its sharp improvement, the 10-year yield off 20 bps to 4.99% - the first time below 5% since August, and against about 7% at the year's start. The 2-year yield is off 31 bps to 1.83% - a level not observed since October 2010. Italian bond futures ETN: ITLY +16.8% YTD.