Europe Bonds Await Next Supply Wave Amid Fiscal-Shock Anxiety
- Germany, France, Italy, Spain to raise total 25 billion euros
- Italy redemption payments, U.K. gilt auctions also in focus
A bull statue stands outside the Frankfurt Stock Exchange.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Euro-area bond markets will face a wave of issuance from the region’s top four borrowers next week, even as investor anxiety simmers over an expected tsunami of supply this year to fund massive stimulus plans.
Germany, France, Spain and Italy are scheduled to auction debt totaling 25 billion euros ($28 billion) during March 30-April 3, according to an estimate by strategists at Commerzbank AG. The U.K. will offer a combined 5 billion pounds ($6.2 billion) of 2028 and 2041 gilts next week. The Italian Treasury is due to pay 15 billion euros in redemptions and another 500 million euros in coupons.