Good morning. Hedge funds have lined up the biggest bet against Italian government bonds since the global #financialcrisis on concerns over political turmoil in Rome and the country’s dependence on Russian #gas imports.
The total value of Italy’s bonds borrowed by investors to wager on a fall in prices hit its highest level since January 2008 this month, at more than €39bn, according to data from S&P Global Market Intelligence.
The rush to wager against Italy comes as the country faces rising economic headwinds from surging European natural gas prices prompted by Russia’s supply cuts and a fraught political climate, with elections looming in September.
Hedge funds build biggest bet against Italian debt since 2008 on.ft.com/3wtTU0N
• • •
Missing some Tweet in this thread? You can try to
force a refresh
