The inconclusive outcome to Italy's
March 4 general election has further clouded the already
unfavourable outlook for the country's State bonds, BlackRock's
Deputy Chief Investment Officer, Scott Thiel, has said,
Bloomberg reported on Tuesday. Thiel reportedly said the
election result was the worst possible. He added that, with
anti-system parties aiming to form a government, the world's top
asset manager will adopt an 'underweight' position on Italian
bonds, Bloomberg reported.
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