“With the asset quality review and the new stress tests, Italian banks will have to reduce their position in Italian government bonds in their portfolios”. To say it is the head of the Treasury for the management of the public debt Maria Cannata, during a Rai broadcast.
Cannata said she was confident in the possibility of offsetting this decrease with the growth of the presence of foreign institutional investors: “In 2013 we saw a large participation of investors, especially institutional ones, from all areas of the world. And in Italy we have a very strong insurance sector that invests a lot ”she added.
The latest survey (that of September) on the portfolio held by the banks spoke of Italian government bonds for 394,1 billion, a figure lower than the historical record of last June, at 401,7 billion.
