MPS covered bonds widen further after Renzi loses referendum

Bill Thornhill

December 05, 2016 01:00 PM

MontePaschiSiena 230x150 — A view of a "Monte Dei Paschi di Siena" bank branch in Milan, Italy, Sunday, Oct.26, 2014. The European Central Bank says 13 of Europe's 130 biggest banks have flunked an in-depth review of their finances and need an extra 10 billion euros ($12.5 billion) to cushion themselves against any future crises. ECB officials said Sunday the test had been tougher than similar reviews in 2011 and 2010, which gave a pass to banks that later needed bailouts. (AP Photo/Luca Bruno) | Luca Bruno/AP/Press Association Images

Covered bond spreads of Banca Monte dei Paschi di Siena widened further on Monday on modest volumes after Sunday’s Italian constitutional referendum and the resignation of prime-minister, Matteo Renzi.

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Topics

Italy Monte dei Paschi Europe EMEA FIG Covered Bonds

BT

Bill Thornhill