Run to Italy Btp
New record for anti-inflation government bond, 3.6 billion subscribed on first day of placement. In this article in La Stampa, Paolo Barbieri, Head of Fixed Income at Valori Asset Management, explains how the forecast is to end the year around the 6/7% average Italian inflation rate and how this implies a very aggressive descent in the second half of the year. This means that the revaluation of the Foi could be more subdued than in past months, and therefore return expectations may not be met.
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