Fortune favours the brave and right now eurozone banks are the beneficiary of such daring by US based investors.
In the rush for high returns, some US investors are snapping up the new debt issues of eurozone banks, returning to a sector they have shunned for the past few years amid the region’s debt crisis.
Even US investors who have yet to expand their portfolios into eurozone bank bonds are considering making a move, attracted by higher yields on offer versus those of US peers.
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