Here Are The 500 Million Real Reasons Why Italian 2-Year Bond Yields Plunged Today

In case you were wondering what really prompted the 65bps collapse in 2Y Italian bond yields today – since we now know that Salvini’s bait-and-switch leaves the newly formed government with even more euroskeptical and anti-immigrant officials than Mattarella originally refused?

Then look no further than the  Italian Ministry of Finance

They decided today was the day to buy EUR 500 million of two-year BTPs…this was not previously announced.

The Ministry of Economy and Finance announces that, today, a government bond purchase operation was carried out through the assignment of mandates to intermediaries identified among the Specialists in Government Bonds, using the Treasury availability account balances .
 
The subject of the purchase transaction were the following titles:

Artificially supporting the market and signaling to the world that ‘Italy is fixed’…

Who needs Mario and The ECB?!!

Is there any doubt this whole charade is rigged now?

The post Here Are The 500 Million Real Reasons Why Italian 2-Year Bond Yields Plunged Today appeared first on crude-oil.news.

Shares