BTPs are bid once again as Five Star and Lega abandon plans to form a government

The see-saw continues for Italian bonds. This time they're back on the up, as yields gap lower by more than 10 bps. The close on Friday for 10-year yields was at 2.46%.

Even 2-year bonds are off to the races today, with yields falling by 14 bps - in what would be the biggest daily drop in 3 years if sustained.

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