Monte bonds fly amid balance sheet clean-up

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Monte bonds fly amid balance sheet clean-up

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The exterior of the Italian bank Monte dei Paschi di Siena in Rome, Italy, 07 February 2017. Photo: Lena Klimkeit | usage worldwide | Lena Klimkeit/DPA/PA Images

Bonds sold by Banca Monte dei Paschi di Siena were surging higher in secondary market trading this week, amid reports that the Italian bank was close to agreeing plans to offload a €10bn portfolio of non-performing loans.

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