Italy has launched its €8.5bn inaugural green bond – 2021’s first major green sovereign issue.

Italy has launched its €8.5bn inaugural green bond – 2021’s first major green sovereign issue.
The outlook for high yield in 2021
‘Seemingly infinite central bank liquidity is supporting the optimistic and risk-on sentiment’ says one portfolio manager
As it would allow firms to benefit from more diverse funding sources
ECB shows reluctance to cut rates but deflation could force its hand
UBS, Generali Insurance Asset Management, NN IP and Candriam reflect on PEPP
Bond purchases not endangered by court decision, says DWS
Especially for emerging market countries
Says it will purchase treasury and mortgage-backed securities ‘in the amounts needed’
But JP Morgan predicts ‘shortest ever’ contraction