Italy's 10-year bond yield fell 4 basis points to a fresh record low of 0.82%, while five-year bond yields lurched closer to 0%.

The results of the online ballot of 5-Star members, released late on Tuesday, opens the way for a new government to take office in the coming days.

Italy's closely-watched 10-year bond yield gap over safer German Bund yields tightened to around 149 bps -- its narrowest in more than a year.