Barron's: Italian Bonds Are Cheap — but for Risk Takers Only

By SIMON CONSTABLE

Italy’s political circus is sending local bond prices tumbling and yields higher. But the country’s real economic risk also offers a contrarian opportunity to buy long-dated Italian bonds at discounted prices.

“If you think the current political situation gets resolved, then Italian bonds offer really good returns,” says Ihab Salib, head of international fixed income at money-management firm Federated Investors. He concedes that this isn’t a consensus opinion. Read more here.