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Europe’s Bond Market Has Never Seen So Many Days With No Deals

  • There’s already been 32 days without a single debt offering
  • Reflects hesitance to borrow in face of rising economic risks

Europe’s bond market is enduring its worst drought in at least 8 years.

The market has seen 32 days without a single public debt offering from governments and corporations this year, already surpassing 2018 as the slowest year since records begin in 2014, according to data compiled by Bloomberg. That tally is certain to rise since activity usually slows markedly during the August vacation season.