10-year Italian bond yields fall to its lowest level since 28 September
Conte's proposal set out here is giving Italian bond investors something to cheer about as we begin the day. As mentioned earlier, the good news is that this looks to put to bed the current back-and-forth between Italy and the European Commission and that's reflected in Italian assets here.
Of note, Italy-Germany 10-year bond yields spread has also tightened to its narrowest level since 28 September as well, now at 268 bps:
