Italian bond yields tumble as investors brush off political turmoil


  • World
  • Tuesday, 20 Aug 2019

Italian Deputy PM Matteo Salvini reacts as Italian Prime Minister Giuseppe Conte addresses the upper house of parliament over the ongoing government crisis, in Rome, Italy August 20, 2019. REUTERS/Yara Nardi

LONDON/MILAN (Reuters) - Italy's bond yields tumbled on Tuesday amid growing investor expectations that its political crisis could be short-lived, potentially paving the way for a new coalition government and reducing the uncertainty of snap elections.

Prime Minister Giuseppe Conte announced his resignation as he made a blistering attack on his interior minister, Matteo Salvini, accusing him of sinking the ruling coalition for personal and political gain.

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