Europe Debt Demand Is Already at Half a Trillion Dollars in 2023
- Investor orders pour in for January’s primary market sales
- Buyers are keen to snap up yields near highest in a decade
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Demand for Europe’s debt sales has topped half a trillion euros already this year as investors seek to put money to work in bonds offering some of the highest yields in years.
Investors have bid €530 billion ($570 billion) — more than three times the €168 billion of issuance in Europe’s syndicated primary market this month through Wednesday, according to data compiled by Bloomberg. The tally includes all publicly-syndicated company and government bond offerings, with demand running well above the average for the prior five years to the same point.