Bond Portfolios: Risk Yields and Italian Banks

bond portfolios: Italy's new government proposed a 2019 budget with a deficit three times bigger than the previous administration's target, sparking a sell-off in shares in Italian banks, whose big sovereign bond portfolios make them sensitive to political risk, according to Nine News Australia. Yields on the benchmark 10-year Treasury bonds ticked lower and weighed on the shares of US lenders, with Goldman Sachs, Wells Fargo and Bank of America trading down between 0.30 per cent and 0.50 per cent before the bell. To improve your experience update it here News World Futures dip as Italy's deficit woes weigh9 55pm Sep 28, 2018Facebook Tweet MailUS stock index futures dipped on Friday, the last trading day of the third quarter, on worries over Italy's proposed budget, with investors keeping a close eye on a potential trade deal between the United States and Mexico. The Italian deficit situation is leaning on stocks futures causing the yield curve to narrow and putting upward pressure on the greenback, Peter Cardillo, chief market economist at Spartan Capital Securities in New York, wrote in a note. President Donald Trump, who wants major changes to the NAFTA, has already wrapped up a deal with Mexico and is due to publish the text on Friday. Also weighing was a pullback in the so-called FAANG group of stocks - Facebook, Apple, Amazon, Netflix and Google-Parent Alphabet - which led a rally on Wall Street on Thursday. (news.financializer.com). As reported in the news.