Italian short-dated bond futures may offer investors better protection against price swings in Irish and Portuguese debt than contracts tied to longer-maturity securities or German notes, according to UniCredit SpA.
Euro-area banks may tap the European Central Bank next week for almost as much three-year cash as they did in December in an operation that could prolong a rally in bond markets.
Italy may have an easier time selling bonds than its peers this week as optimism about the nation’s budget restraint drives borrowing costs to the lowest level since August.
"Draghi sounded more worried about inflation, which is the single most important reason why the ECB should launch a proper quantitative-easing program."
- Luca Cazzulani on Nov 21, 2014
Cazzulani Says 7% Italy Yield Doesn’t Matter