Italian government bond yields spike on Tradeweb

Mario Monti, the Italian prime minister, surprised financial markets with the announcement he will resign following the next Italian budget. Following the news, the Italian stock market fell over 2% and yields on Italy’s 10-year benchmark bond (the BTP) experienced their largest single-day increase since September 2011, climbing from 4.55% to 4.83%. Clearly, the announcement concerned traders and investors with Italian exposures.

Having spotted this spike in BTP yields on Tradeweb, we pitched the data to Investment Week, and we tipped off our New York affiliate, John Roderick (who represents Tradeweb in the US) prompting further news stories in titles such as the LA Times.

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