Liquidity provision isn’t enough
The Italian ten-year yield is now over seven percent again. Italy’s long-term growth prospects, or lack thereof, really do play a major role here (see the picture here).
The pointer is from @FelixSalmon.
The Italian ten-year yield is now over seven percent again. Italy’s long-term growth prospects, or lack thereof, really do play a major role here (see the picture here).
The pointer is from @FelixSalmon.