Italy's Deputy Prime Minister Matteo Salvini, who once said his executive would stand up against market attacks, told an audience that he checks bond spreads every morning.
"Every morning, before calling my kids, I check the spread," Salvini, leader of the right-wing Lega party, told a business audience at The European House Ambrosetti Forum, in Lake Como, over the weekend.
The difference between the Italian and the German bond market (the spread) is often interpreted as a fear-gauge indicator for the euro zone.
Bond markets have been particularly vulnerable to Italian politics since the general election in March this year. Yields on Italian government debt have risen this summer by about 41 percentage points (since July 17) amid growing concerns that the new populist coalition government will increase public spending.
During those tense market moves, Salvini said that the government would stand up against market attacks and debt downgrades. In late August, Fitch ratings lowered the outlook of the Italian economy. Standard and Poor's is due to update its view on Italy next month.
"I was talking to some economists earlier about the correlations between political statements and spreads and I know that there are other dynamics," Salvini said in a press conference in Italy.