Oversubscription of bond issuances creates a snowball effect

Snowball - Andres Alaniz - Pexels
Snowball - Andres Alaniz - Pexels
The fact that some bond issuances are now oversubscribed by as much as ten times illustrates how sharply market sentiment has shifted. After more than a decade of interest rates close to zero, bonds in the eurozone are once again offering returns, around 3 to 4 percent for investment grade.

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