While speaking in an interview, Societe Generale’s Head of European rates strategy, Ciaran O’Hagan, warned that the new Italian government still poses risks for the country’s bond markets. Key Highlights: “New government is still seen to be dangerous for long BTP positions. There is possibility of more forced selling. As well as ratings downgrades and capital outflows. Recommends using rebound to establish new shorts in Italian bonds. New coalition government takes market back to same situation last week. Populist parties have started their intention to keep the euro. But unclear how fast measures will be discussed on euro incompatibility. Strong chance of early downgrade from Moody’s, probably within weeks. Too early to expect capital outflows this summer.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin price analysis: BTC/USD frozen at $7,500, Mark Carney’s dwellings on the role of crypto left unnoticed FX Street 5 years While speaking in an interview, Societe Generale's Head of European rates strategy, Ciaran O'Hagan, warned that the new Italian government still poses risks for the country's bond markets. Key Highlights: "New government is still seen to be dangerous for long BTP positions. There is possibility of more forced selling. As well as ratings downgrades and capital outflows. Recommends using rebound to establish new shorts in Italian bonds. New coalition government takes market back to same situation last week. Populist parties have started their intention to keep the euro. But unclear how fast measures will be discussed on euro incompatibility. Strong… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
