Europe’s bond market is enduring its worst drought in at least 8 years. The market has seen 32 days without a single public debt offering from governments and corporations this year, already surpassing 2018 as the slowest year since records begin in 2014, according to data compiled by Bloomberg. That tally is certain to rise since activity usually slows markedly during the August vacation season. The steep drop in borrowing reflects uncertainty facing the European economy as rising interest rates, surging inflation and the possibility that Russia could cut off natural gas supplies this winter raise the risks of a ... (full story)