EU to issue €40B in long-term bonds in H2 2023 - Breaking The News

EU to issue €40B in long-term bonds in H2 2023

27 June

1 min read

EPA-EFE/STEPHANIE LECOCQ

The European Commission announced on Tuesday that it will issue €40 billion in long-term EU-Bonds in the second half of 2023 in order to continue to finance the NextGenerationEU, support Ukraine, and fund other programs.

The European Union already raised €80 billion by selling bonds in the first half of the year, with the €120 billion target for 2023 matching that of 2022. "EU borrowing is gradually becoming an essential element of the EU funding toolbox. In the second half of 2023, we will continue to consolidate our market presence via regular issuances, while working to further develop our infrastructure and increase liquidity," Commissioner for Budget and Administration Johannes Hahn said.

bonds

Strong demand for US 30-year bonds at lower-than-expected yield

10 April

The US Treasury sold $22 billion in 30-year bonds on Thursday at a yield of 4.813%, beating market expectations and signaling robust demand. The result came in 2.6 basis points below the when-issued (WI) level of 4.839%, reflecting a strong auction outcome.With a bid-to-cover ratio of 2.43, up from 2.37 at the previous sale, the auction drew healthy interest from investors, particularly indirect bidders awarded over $13.5 billion. The result marks the second...

30-year US Treasury yield climbs after tariff pause

10 April

The 30-year US Treasury bond yield rose on Thursday, gaining over 10 basis points. The uptick came as markets absorbed President Donald Trump's announcement of a 90-day pause on reciprocal tariffs aimed at easing trade tensions.Despite the reprieve on tariffs, bond markets remained volatile following a significant selloff on Wednesday. A stronger-than-expected 10-year Treasury auction helped calm fears, but investor caution persists. The long...

BoE to auction short not long maturity bonds on April 14

10 April

The Bank of England (BoE) said on Thursday in a statement that, due to the recent market volatility, it will be auctioning not long maturity bonds but rather short ones on April 14."The Bank intends to reschedule the long maturity auction to the following quarter, in order to continue to reduce the APF [Asset Purchase Facility] as evenly as possible across maturity sectors, measured in initial proceeds terms. The schedule for Q2 is otherwise unchanged," it was...

US 10-year note auction draws solid demand with 4.435% yield

9 April

The US Treasury auctioned $39 billion in 10-year notes on Wednesday at a high yield of 4.435% amid recent volatility in bond markets. While yields had been climbing earlier in the day, the auction was met with robust demand, suggesting a positive reception.The bid-to-cover ratio stood at 2.67, indicating strong interest, with investors bidding nearly $104 billion for the available $39 billion in securities. Indirect bidders accounted for $34.2 billion of accepted bids,...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.