Wells Fargo's Pacquement Likes European Bank Debt

The video discusses the banking sector's challenges, focusing on investment grade issues due to low yields and ECB tapering. It highlights the impact on credit ratings, particularly in Italy, and strategies for generating alpha in volatile markets. The discussion also covers potential downgrades of Italian debt and explores opportunities in high yield and private credit markets.

In what ways are financials in Europe showing improvement?

What opportunities exist in the sub-investment grade space according to the discussion?