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Italian and Greek borrowing costs have tumbled so far this year
Yield hunt turns Greek and Italian debt into ‘Bunds on steroids’
Former bond-market pariahs see record demand in recent auctions…
Italy and Greece have experienced red-hot demand for their bonds during the coronavirus outbreak, underscoring their transformation from high-risk debt markets to unlikely havens.
Both countries’ borrowing costs have tumbled so far this year, as investors have sought alternatives to deeply negative-yielding German debt…
READ ARTICLE HERE: https://www.ft.com/content/80072d10-5176-11ea-90ad-25e377c0ee1f