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Italian bonds rally as EU's Moscovici calls for dialogue

By Alexander Bueso

Date: Friday 19 Oct 2018

Italian bonds rally as EU's Moscovici calls for dialogue

(Sharecast News) - Italian bonds are rallying at the end of the week after the European Union's economy chief, Pierre Moscovici, called for a calm dialogue with Rome.
Speaking after a two-day visit to the Italian capital, the EU's Economics Commissioner said that "dialogue is fundamentally important", ANSA reported.

"We all know that it is a delicate question and we don't have any interest in creating further tension.

"The ball is now in the court of the Italian authorities, who will answer us by Monday.

"The Commission's mission will be based on the general interest. The European Commission's mission is to ensure economic prosperity and we remain true to this mission."

As of 1632 BST, the yield on the benchmark 10-year Italian government note was down by 11 basis points to 3.57%, having earlier risen as high as 3.81% - a near five-year high.

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