Italian 10 year yield drops notably at open today on news that the coalition government had finally got agreement from European Commission on its 2019 budget plan, thus avoiding disciplinary actions.
It’s now trading down -0.163 at 2.784 and is set to challenge September’s low. German 10 year yield is now up 0.0053 at 0.252. Spread is back at 253.
EUR/CHF benefits from the development and is extending recent rebound from 1.1224.
