Wait for ECB Stimulus Leaves Bond Sales in the Doldrums
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Bond issuance by banks in Europe slumped last month, making it the slowest July since 2001 as lenders waited for the next round of stimulus efforts by the European Central Bank.
Banks issued 21.7 billion euros ($29 billion) of notes in pounds and the single currency, according to data compiled by Bloomberg. The slowest month of the year for sales came after lenders priced 300 billion euros of debt securities since the start of the year, the busiest half since the same period of 2011, the data show.