Views from LGIM. Please note the content on this website is for Investment Professionals only and should be shared responsibly. No other persons should rely on the information contained within this blog.



Do Italian BTPs* present an opportunity or a threat?

Five months is a long time in Italian politics. Back in June, we observed that Italy was too big to fail, but also too big to bail. We were also waiting for the almost inevitable clash with the European Commission over the budget. That has now arrived and we have started trading Italian risk in the new higher range for spreads.

* (Bubbling Tensions in Politics)

November 13, 2018 3 mins

Italian tail risks

Here’s my take from CNBC on the sizeable tail risks in the Italian market, including the prospect of early elections.

September 24, 2018 3 mins