European insurers return to peripheral sovereign debt markets

portugal flag

Insurers are staging a cautious return to peripheral eurozone debt markets, four years after they were forced to dramatically expunge their sovereign bond holdings amid fears of a eurozone collapse. Companies have been buying investment-grade Italian and Spanish bonds, and firms with more flexible investment rules are eyeing opportunities in Ireland and Portugal, as these countries emerge from gruelling three-year bailouts. Relative high yields and a steady reduction in volatility over the pa

To continue reading...