Europe’s Record Bond Sales Draw Global Buyers Hunting Yields
- Spain, Italy and Belgium’s debt draw historic orderbooks
- That helps drive government and overall debt sales to records
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Europe’s governments rushed to borrow money this week, drawing record demand from global investors keen to secure bonds with solid yields while they still can.
Central banks and funds from the Middle East and Asia were only too happy to lend to the likes of Spain, Italy and Belgium, all of which reported historic orderbooks. Global money is grabbing the yields on offer before expected interest-rate reductions later this year, with a bond rally across the region on Friday as markets added to bets on cuts.