Bloomberg writes that Greece is no longer the “boogeyman” of Europe, as the country’s 10-year bonds dipped below the 3% threshold.
Instead, the article points out that Italy has replaced Greece as the focus of concern regarding political risk on the continent. Investors fear the recent spat between the Italian populist government with the European Union.
The yield on Italy’s five-year bonds grew as much as 13 basis points to 1.81% on Friday, a three-month high. That on their Greek equivalents fell as much as 12 basis points to 1.73%, a record low. The rate on Greece’s 10-year debt fell to 2.92%, also an all-time low.
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