Europe’s Debt Sale Bonanza Is Met With Bids Topping $270 Billion
- U.K. syndicated bonds amid speculation BOE may boost QE
- Spain and Greece sales helped by ECB backstop in the market
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Demand for government bonds is showing no signs of letup, with Ireland securing record investor demand despite a host of countries, including the U.K., selling debt.
Ireland racked up more than 69 billion euros ($78 billion) for its bonds, the U.K. has notched up above 70 billion pounds ($88 billion) and Spain attracted about 78 billion euros in demand for its sale. All of the offerings -- and another from Greece -- are being sold via banks.