Leader of the League party, Matteo Salvini, addresses the media after meeting with Italian President Sergio Mattarella, at the Quirinale presidential palace, in Rome, Monday, May 14, 2018. (Riccardo Antimiani/ANSA via AP)
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Italian government bond yields were set on Friday for their biggest weekly jump in over a year, with unease over the plans of a coalition government taking shape in Rome keeping upward pressure on borrowing costs.The common government policy agenda of Italy's two anti-establishment parties includes the issuance of short-term government bonds to pay companies owed money by the state, the economics chief of far-right League, Claudio Borghi, said early on Friday.Italy's 10-year bond yield was up 3 basis points at 2.14 percent and near Thursday's 3-month highs.The gap between Italian and German 10-year bond yields -- a closely watched indicator of relative risks -- was at 151 basis points, having touched its widest levels since early January on Thursday at around 157 bps .
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