Divyang's focus is in following broad macro trends globally with a view to building a tradable analytical framework. He was editor of the flagship products at IDEAglobal as well as head of FX research and then moved to Chief Strategist at Commonwealth Bank of Australia before joining IFR.
BTPs are continuing their rally as Italian Finance Minister Giovanni Tria is reported to be wanting to keep the deficit below 1.6% for 2019.
We are all aware that President Trump is an amazing man. Without him not only would markets crash but we now learn that he is able to aid Italy in buying BTPs next year.
A breakdown of government bond purchases for May received a lot of attention late yesterday after its release, although the information was open to various interpretations..