Demand for European Bonds Remains Robust

Demand for Eurozone bonds in particular remains high as today’s German I/L auction saw a strong bid to cover ratio of 3.7. Limited supply, catch up demand from the ECB which had to scale back purchases last week due to a holiday and reinvested redemptions for public sector holdings alone this month all underpin demand. Data releases today were also bond friendly with German production numbers as well as U.K. BRC retail sales disappointing and while Eurozone retail sales picked up in September, sales growth still slowed down markedly in the third quarter.

Continue reading: https://www.iforex.com/news/demand-european-bonds-remains-robust-44583

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