Europe Debt Demand Smashes Records in Busiest Day of Sales
- Primary market sees sales of at least $50 billion in new bonds
- Italy receives €82 billion in bids for a sale of 30-year debt
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Europe is having its busiest day ever for primary bond market issuance, with demand for government bond sales breaking new highs.
A record of more than €45.7 billion ($50 billion) of new publicly syndicated debt from financials, corporates and public-sector borrowers is set to price on Tuesday, according to data compiled by Bloomberg. At the same time it has been the busiest day for government bond auctions so far this year.