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ECB Stimulus Keeps Investors Hungry for More Amid Bond Deluge
Euro-area governments are ramping up their bond sales, but there are few signs of investor fatigue with the European Central Bank increasing its purchases. Yields from Germany to Italy climbed this week after debt management offices sold more than 40 billion euros ($43 billion) of bonds, the most in seven years, according to Commerzbank AG. However, investors have stepped up to meet this avalanche of supply, with Germany and Italy set to issue debt in the coming days. The ECB is likely to have broken last week’s debt-buying record following its first full week of the Pandemic Emergency Purchase Plan, and euro-area ... (full story)