(Bloomberg) -- 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 nations made the most of it. Alongside scheduled debt sales from Germany, France, Spain and Italy, Belgium and Portugal also joined the selling frenzy.

Bond sales next week are set to slow with offerings from Germany, Italy, and Austria to total just under 18 billion euros, according to Commerzbank. But there may be further opportunistic selling after Ireland signaled its intention for a syndicated sale this month. The U.K. will sell more than nine billion pounds ($11 billion) across four sales as it seeks to reach its 45-billion pound target for the month.

• Data for the coming week is sparse and mostly relegated to second-tier, backward-looking figures, which don’t reflect the impact of the coronavirus
  • April’s Sentix investor confidence numbers for the euro area are due on Monday, and are forecast to slump to an 11-year low
• The U.K.’s current economic outlook will be reflected in impending data for February. Industrial production and manufacturing numbers for February are due on Thursday
• There are no speeches due from the ECB and Bank of England or any major sovereign ratings reviews

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