Italian debt puts growing tensions in eurozone in focus
Investors home in on nation’s bonds because government’s weak finances add to shared risk across region
Brussels/London/San Francisco — Italian debt is once again the must-watch bellwether for growing tensions within the eurozone.
Global investors have lasered in on the nation’s bonds because, while they feature tempting yields, the government’s relatively weak finances add to the shared risk across the region. UniCredit estimates foreign asset managers and hedge funds’ exposure to Italian government bonds may be about the lowest since December 2018...