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Danske Pension Arm Snaps Up Italian Bonds in Yield Search
Danske Bank A/S's pension unit, Danica, has been purchasing Italian debt in an effort to generate returns as short-term Danish benchmark yields go negative. Danica, which had investment assets of about $50 billion at the end of June, holds about 7.2 billion kroner ($1.2 billion) in mostly Italian short-term notes…
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Click here to read the full story: Bloomberg Businessweek