Greece Gets Record Demand for First New Bond Since Regaining Investment Grade
- Greece sells first new bond since regaining investment grade
- Bids for German bonds is more than double the previous record
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Germany and Greece got record demand for their bond sales on Tuesday, as investors rushed to lock in high yields before the European Central Bank starts cutting interest rates.
Bids for Germany’s 30-year bonds topped €74 billion ($80.2 billion), more than double the previous record set in 2020, while Greece’s 10-year debt — the first new bond since it regained investment grade — attracted €35 billion in orders, the most ever. Earlier this month, Spain and Belgium also reported historic orderbooks.