Investors Binge on Bonds as Governments Satisfy Feeding Frenzy

Investors in euro-area sovereign bonds are showing demand for fixed-interest assets remains strong even amid increased supply and record-low borrowing costs.

Governments in the currency bloc have sold more than 60 billion euros ($70 billion) of coupon-bearing debt this year, with Spain having auctioned securities today and Italy offered investors the chance to load up on some more at a sale via banks. Over the same period in 2014, the region’s governments had sold about 44 billion euros of bonds.