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Stock impact report

Italian bond yields fall as EU leaders seek joint financing to fight coronavirus [Reuters]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Reuters
Italian bond yields fall as EU leaders seek joint financing to fight coronavirus * Euro zone govt bond yields tmsnrt.rs/2ii2Bqr By Olga Cotaga LONDON, April 23 (Reuters) - Italian government debt yields fell on Thursday after European Union leaders agreed the day before to move towards joint financing of a recovery after the coronavirus pandemic. Italy’s yields and the risk premium it pays on its debt rose on Wednesday amid uncertainty over how the already heavily indebted country will pay for its stimulus plans. But EU leaders will ask the European Commission to propose a fund big enough for the job, which targets the most affected sectors and regions, including Italy. They will meet on Thursday to discuss ways to finance aid to help economies recover from the coronavirus pandemic and the lockdowns imposed to fight it. Italian yields also fell because the European Central Bank said on Wednesday it would let banks post collateral that was downgraded to junk during the coronavirus out Show less Read more
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