Rush for yield sends bond bids higher

Investors have bid about 1.04 trillion euros (US$1.13 trillion), or 4.64 times the 224.86bil euros equivalent of syndicated debt sales in the region so far in January. — Bloomberg

NEW YORK: Demand for Europe’s debt sales is running at a record pace as investors clamour to lock in attractive yields before central banks start cutting rates.

Investors have bid about 1.04 trillion euros (US$1.13 trillion), or 4.64 times the 224.86bil euros equivalent of syndicated debt sales in the region so far in January from issuers including France, Banco Santander SA and Enagas SA, according to data compiled by Bloomberg.