Euro zone sovereigns enjoy record demand at January bond sales

European sovereign borrowers’
January fundraising round saw unprecedented demand from bond
investors who placed an average of over six euros in orders for
each euro raised in debt.
With the net supply of euro zone debt expected to plummet in
2020 compared to 2019, investors dashed for sovereign bonds sold
via bank syndicates this month, with total orders exceeding 270
billion euros, according to Reuters analysis based on data from
Refinitiv IFR.