Wednesday, 07 December 2016 13:45
LONDON: Italian bond yields fell on Wednesday after reports the government
is preparing to rescue ailing lender Monte dei Paschi as hopes of a private
recapitalisation fade. Sources told Reuters the government is
preparing to take a 2 billion euros controlling stake in the bank, while
Italian daily La Stampa reported the country is set to ask euro zone bailout
fund ESM for a 15 billion euro loan for Monte dei Paschi and other struggling
lenders.Italy's treasury declined comment on the La Stampa report.Ten-year government bond yields fell 5
basis points to 1.92 percent in early trading, just above three-week lows of
1.89 percent hit on Tuesday.
Reuters, 2016 ...