BTPs erases earlier gains, and Italy's MIB has turned negative on the day
10-year yields are now back above 2.40% to session highs of 2.43% having earlier fallen at the open to 2.36%.
Investors are probably realising that even with fresh elections, things aren't going to change and if anything, it will cement further the positions of Five Star Movement and Lega as the two main parties in the country.
Italy's main stock index has also turned negative now with bank stocks being sold off once again as BTPs encountering a fresh round of selling too. The MIB index started the day up by 1.5%.
The fade in the euphoria here could be a symbolic one, as it may also feed into the euro further in the day.
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