Italy 10-year government bond yields briefly hit 4.42% on Monday, the highest level in nine years as the outcome of the election is becoming clearer for the new prime minister.
Far-right leader Giorgia Meloni’s Fratelli d’Italia is on course to becoming Italy’s first female prime minister and the first government since the end of World War 2 to be led by the far-right group.
She is expected to acquire 26.4% of the vote to form a coalition party with Lega, under Matteo Salvini, Silvio Berlusconi’s Forza Italia and a more minor coalition partner, Noi Moderati.
