Se e quando ci sarà il tapering, avremo qualche problemuccio sui titoli di stato italiani
The European Central Bank's potential tapering of its QE program should widen country spreads in the eurozone and Italian government bonds should be the main victim, according to ABN Amro. Still, spread widening should be modest, with the Dutch bank expecting a number of other announcements by the ECB to calm the markets. The gap between 10-year Italian and German yields stands at around 170 basis points, wider than early 2015, when the ECB's public sector purchase program began. The spread had already shrank from almost 500 bps in the years after ECB President Mario Draghi's "whateverit takes" speech in 2012.