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- Bob Parker, a senior advisor at Credit Suisse
Italy sold almost 20 billion of debt during this week, pushing yields on government securities lower but failing to reassure investors over the nation's ability to raise finance in the markets next year.
"Italy was not able to raise the maximum amount they wanted to, but the fact that they managed to sell this much at the end of the year should be taken as a positive sign," said Eric Wand, a fixed-income strategist at Lloyds TSB Bank Plc in London.
"Are we going to see in the next few weeks a significant rally in Italian bond yields? The answer is probably not," Bob Parker, a senior advisor at Credit Suisse, said.
"Auctions held yesterday [on Wednesday] and today [on Thursday] went rather well, but the financial turbulence absolutely isn't over," Monti said during a traditional end-year press conference.