Italy budget drama may derail bond market’s September sales rush

Bloomberg/Emma Haslett/8-6-2018

“‘If we have something that resembles what we saw in May, the primary market should basically come to a halt,’ said Marco Stoeckle, a credit strategist at Commerzbank AG. ‘If we have the Italian government curve inverting, anything like that would be enough to significantly hamper issuance volumes. I guess the market would be closed.'”

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