Citi: Europe's Eurobond market is shrinking

Bloomberg reported that “Europe’s 20.3 trillion-euro ($26.1 trillion) bond market is shrinking as financial institutions repay debt, according to Citigroup Inc. analysts in London.

Banks and other financial institutions reduced issuance by 560 billion euros to 4.7 trillion euros in the five quarters to March 31 this year, strategists Hans Lorenzen and Alessandro Tentori wrote in a report today. In absolute terms, the market declined by 30 billion euros in the year through March, a signal it’s stagnant, according to Lorenzen, based on data compiled by the European Central Bank.”

The full article is available here.

Related Posts

Previous Post
BIS calls for “Intense Review” of data on European deflation
Next Post
Clearstream further improves collateral management efficiency in line with Eurosystem changes

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.

Menu
X

Reset password

Create an account