European Union flags flutter outside the European Central Bank (ECB) headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach/File Photo
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Italian bond yields held below recent six-week highs Monday as investors awaited the outcome of talks between the anti-establishment 5-Star Movement and the far-right League to form a government that is expected to lead to fiscal slippage.Italy's FTSE MIB is one of the best-performing equity indices worldwide year-to-date as the market focuses on a stronger economy and, despite hitting a six-week high last week, 10-year Italian debt remained a third below a eurozone-debt crisis peak of 7.32 percent hit in November 2011 .Some analysts such as Nomura believe that most investors have held on to their Italian bond holdings despite the growing concerns of fiscal loosening from the new government, as Italian debt offers some of the highest yields in the European investment grade space in a low-volatility environment.
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