Europe’s Trillion-Euro Bond Binge Begins With Near Record Demand
- Nations selling debt as governments fund virus recovery
- Demand for Italian 10-year bond comes close to all-time high
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The euro area’s first bond sales of the year showed there is no letup in investor appetite for the region’s government debt.
Italy received more than 105 billion euros ($129 billion) of bids for a 10-billion-euro 2037 benchmark offering on Tuesday -- just shy of record demand set last year. Ireland saw more than 40 billion euros of interest for 5.5 billion euros of its 10-year syndicated debt, according to people familiar with the matter who asked not to be named.