After stunning rally, southern European bonds face holiday season selloff
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LONDON (Reuters) - Investors who earned double-digit returns from southern European government bonds are now reducing their exposure, fearful of the thinner trading volumes that dog this segment of the euro zone debt market in the holiday season.Borrowing costs in Italy, Spain and Portugal have seen their biggest annual fall in years, down 90-135 basis points in 2019. Greek 10-year yields have plunged almost 300 bps.Spanish and Portuguese 10-year borrowing costs even approached the 0% mark in..