Europe’s September Debt Rush Hits €100 Billion in Record Time
- Issuers are front-loading their bond sales as volatility looms
- Rate cuts, US elections seen as risk factors to stable market
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Europe is set to pass the €100 billion ($110 billion) mark for September bond sales in record time as borrowers take advantage of lower yields and comparatively calm markets to load up on debt before the US presidential vote.
The threshold will be passed two weeks sooner than last year, according to data compiled by Bloomberg going back to 2014. Some €97.2 billion had been sold by Tuesday and at least another €6.6 billion is due to price on Wednesday.