European banks hold sovereign debt on their balance sheet for multiple reasons. Firstly, sovereigns are eligible in order to comply with liquidity requirements. In addition, they can be used as collateral in the private repurchase markets ("repo") and to obtain funds from the central bank.
Sovereign debt latest publications
August 27, 2014
S&P affirmed its long-term foreign currency rating for Peru at BBB+ with stable outlook
The rating agency noted that negative shocks are of a temporary nature, while investment projects will drive growth to a range of 5% -6 % between 2015 and 2017