Managers eye Italian bonds as 'investors are too bearish'
'Italexit risks are overstated'
A 30% likelihood of Italy leaving the European Union on a two-to-three-year view was also priced in
Fixed income managers are split on whether value can be found in the Italian bond market as political uncertainty in the country continues to weigh on investor sentiment.
The spread between Italian bonds and German bunds widened materially at the end of 2018, with markets pricing in an elevated risk for an 'Italexit' following the installation of a populist government comprising...
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