Bonds
Bond Investors Are Lining Up to Fund the War Against Putin
- Fund managers want the EU to issue debt to upgrade defense
- Underspending has left states vulnerable to Russian aggression
A Ukrainian serviceman with a Next generation Light Anti-tank Weapon near Lviv.
Photographer: AFP/Getty Images
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Bond investors are urging squabbling European Union leaders to get their act together on defense spending and make the bloc’s trillion-euro bond program permanent.
That means demand won’t number among the challenges faced by EU politicians at loggerheads over whether to boost shared military capabilities by issuing joint bonds. Fund managers starved of AAA-rated securities say they’re clamoring for more European issuance.