Rush for Yield Sends Bond Bids to €1 Trillion in Record Time
- Investor orders pile in for January’s new debt offerings
- Buyers keen to lock in rising yields before central banks cut
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Demand for Europe’s debt sales is running at a record pace as investors clamor to lock in attractive yields before central banks start cutting rates.
Investors have bid about €1.04 trillion ($1.13 trillion), or 4.64 times the €224.86 billion equivalent of syndicated debt sales in the region so far in January from issuers including France, Banco Santander SA and Enagas SA, according to data compiled by Bloomberg.