Loading ...Britain’s historic EU NEAR MISS: How the Brexit vote SAVED the UK, by PAOLO BARNARD
The above is a major part of why the Italians are so pissed off and the new Government is driving flat out to confront Brussels.
Italy’s Populist New PM Vows to ‘Bring an End to the Immigration Business’, Welcomes ‘Populist’ Label
http://www.breitbart.com/london/2018/06/06/italys-new-pm-vow-end-immigration/
Italian rates are blowing out again today. 2’s are up 21 % to 1.23 %….10 yr spread on Bunds up 4.5 %, the 2’s is up 10 %……but u wouldn’t know it looking at PM’s or the S&P, tks to the Rig.
By the way remember these spreads barely move normally , so position sizes will be humongous, as will the losses.