Any yield will do: all bets on as risky Italians grace FIG primary

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Any yield will do: all bets on as risky Italians grace FIG primary

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

Banca Monte dei Paschi di Siena led a trio of speculative grade Italian banks into the euro bond market this week, as credit investors showed that no issuers were off limit in their increasingly desperate search for yield. Tyler Davies reports.

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