2024-07-21 17:16:38 +0300
Traders Are Hedging Risk Italy Leaves Euro After Draghi Resigns
Bloomberg
By Greg RitchieThe collapse of Italy’s government is awakening a dormant threat in European bond markets.
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Credit-default swaps suggest investors are starting to worry about a future administration pulling or crashing the nation out of the euro. They are buying newer swaps, which offer more protection against such an event, driving up their premium to older swaps to the highest since 2018 on Thursday.
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