Italy Votes Brings Political Gridlock

ROME—In a national election meant to push Italy further down a path of economic reform, voters delivered political gridlock that could once again rattle Europe’s financial stability.

Markets fell in response to returns. Yields on 10-year Italian bonds jumped 0.45 percentage point in mid-morning trading to 4.81%, their highest level this year. Spanish yields were higher by nearly 0.2 percentage point, and bonds of Portugal and Greece were hit as well. Bond yields rise when their prices fall….(here)

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