Investors Bid Record €2.6 Trillion for Europe’s Bond Bonanza
- Bond buyers have bid for more than five times the debt sold
- Marketwide sales have topped €500 billion in fastest time ever
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Investors have put in a record €2.6 trillion ($2.8 trillion) of orders for new bond sales in Europe so far this year, outbidding the debt on offer by the most ever.
Total orders have reached more than five times the record €507 billion of issuance in Europe’s syndicated primary market in the first two months of 2024, according to data compiled by Bloomberg. That’s higher than any subscription ratio covering similar amounts and periods since at least 2018, when Bloomberg first started collating the data.