Italy Yielding Five Times More Than Taiwan Attracts Funds
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Taiwan’s biggest life insurer and South Korea’s largest financial company will follow Japan’s No. 3 banking group in buying more euro-zone bonds, taking advantage of Italian yields five times higher than those in Taipei.
Cathay Life Insurance Co. plans to invest in Italian and Spanish sovereign debt as their coupons are “attractive” after Greece won more bailout funds this week. Seoul-based Woori Investment & Securities Co. is researching auctions, seeking to profit from further gains in notes of the single-currency region. Mizuho Asset Management Co. in Tokyo bought Italian and Spanish notes last quarter.