From Inflation To ‘Quantitative Failure’: What Are Credit Investors Most Concerned About?
Italian bonds were the biggest gainers among euro-area sovereign securities in the wake of China’s riposte to the U.S.’s imposition of tariffs. That’s despite Italy still lacking a working government since its March 4 election, and German bunds traditionally being the go-to haven for investors in periods of heightened risk-off sentiment.
That's from a Bloomberg piece out on Thursday that documents the extent to which periphery debt has become an "unlikely" safe haven at a time when th