Yields are back to levels that Italy can afford to issue, with 10-year yields at 5%, down from 6.5%. The question is whether the debt storm in the Eurozone is blowing over for now. [European Regional ETFs Wither in Debt Turmoil]
The iShares MSCI Italy Index Fund (NYSEArca: EWI) is an ETF that invests in Italian stocks. The fund is down about 15% year to date.
PowerShares DB 3x Italian Treasury Bond Futures ETN
Tisha Guerrero contributed to this article.