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Italian lenders' own national debt purchases wane further in July

Italian financial institutions purchased €4 billion worth of Italy's national debt in July, down from €14 billion in June and €28 billion in May, the Financial Times reported Aug. 29, citing the European Central Bank.

During May and June, foreign investors reduced their net holdings of Italian debt by €34 billion and €38 billion, respectively, amid political turmoil prompting local firms to increase their purchases.

The decrease in local financial institutions buying government debt suggests that foreign investors are no longer in a rush to exit the country's capital markets, the report noted.

In the second quarter, Italian firms increased their net holdings of public debt by more than €40 billion, a record high since the 2012 eurozone debt crisis.