A safe pair of hands

After a week and seven unsuccessful attempts to find common ground and elect a new President of the Republic to succeed the hugely popular Sergio Mattarella, the main Italian political party leaders have given up and have asked Mattarella to stay on for a second seven-year term. We remain short Italian sovereign bonds, as we are short Bunds, USTs and Gilts (new). We are also short the euro versus the US dollar.

To read the full report - Login or Subscribe