January 2024: Europe's Record-Breaking Bond Sales

January 2024 saw Europe’s bond market shatter records, with over €350 billion in new debt sold. Public sector issuances, particularly from sovereigns, accounted for a staggering 55% of this total, highlighting a bumper month supported by a rush to secure yields before expected central bank rate cuts. Countries like Italy, Spain, France, and Germany led the charge, with Greece making a triumphant return to investment grade, pulling in record orders for its new bonds.