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| Europe |
| Italy surpasses Greece as euro area's riskiest borrower |
| 2019-11-08 |
| h/t Instapundit Greece has lost the dubious distinction of being the riskiest government borrower in the eurozone after its bond yields dipped below Italy’s for the first time since 2008. Greek bonds have staged a powerful rally this year as investors hungry for yields have snapped up debt from former euro area crisis spots ‐ a trend that gained further momentum after Standard & Poor’s upgraded Athens’ credit rating to BB- late last month. Italian debt also performed strongly during the summer’s global bond rally, but some investors remain wary due to the effects of last year’s political tensions. |
| Posted by:g(r)omgoru |
| #2 Of course if Greece goes, Deutsche Bank goes too. Which may weigh on the rating. |
| Posted by: Bright Pebbles 2019-11-08 03:22 |
| #1 BB rating stands for the Bundesbank doesn't mind covering up the cracks? |
| Posted by: Bright Pebbles 2019-11-08 03:21 |