European risk rises again

(Bloomberg) Italian bonds suffered a selloff this morning after reports emerged of a rift between the leaders of the populist coalition government and Finance Minister Giovanni Tria, leading to speculation he may be forced to step down. Bond yields remained elevated even after the country’s treasury office called the claims “pure invention.” Elsewhere, the U.K.’s new Brexit Secretary Dominic Raab will meet with Chief European Union negotiator Michel Barnier in Brussels later today with negotiations over Britain’s path out of the trading bloc still stalled as Prime Minister Theresa May continues to grapple with rebels within her own party.