We suspect that, due to technical reasons, the ECB will increase its purchases of Italian government bonds in October. This might help to prevent yields from shooting up if Italy’s Government submits...

Emerging market (EM) currencies have weakened against the dollar again today on worries about Turkey. While the pressure from this source might not last long, we think that the outlook is fairly poor...

While we still assume that the UK and the EU will reach some sort of agreement over Brexit before the deadline next spring, there is clearly a significant possibility of no deal. In this scenario, we...

The Italian Treasury’s latest debt buyback has helped to contain a rise in yields related to concerns over Budget plans. But such operations can offer only temporary respite. We see the Italian 10...