Hunt for yield forces investors out of SSA bonds

Euro in vice resized
By Lewis McLellan
27 Nov 2019

With rates in the eurozone set to stay low, investors are looking further afield for yield, deserting what they see as overpriced eurozone SSA issuers.

“Government bonds in the eurozone are poor value,” said Steven Oh, head of fixed income at a PineBridge. “That includes places like Italy. Higher yields have driven a migration to [eurozone periphery bonds], but it’s ignoring the risks specific to those countries.”

French insurers have upped their allocation ...

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