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Europe Markets: Italian bonds slump, euro flirts with parity ahead of ECB introduction of anti-fragmentation tool

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Italian government bonds slumped on Thursday with Prime Minister Mario Draghi in danger of being booted out of office, only a week ahead of a new tool from the European Central Bank that’s meant to quell such turmoil in eurozone debt markets.

The yield on the Italian 10-year bond BX:TMBMKIT-10Y jumped 26 basis points to 3.40%, or 217 basis points above the 10-year German bund BX:TMBMKDE-10Y.

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