EU funds buy €89bn of overseas debt in Q3
Net purchases year-to-date almost three times total transactions in 2018
European investment funds continued to pile into non-eurozone debt in the third quarter, making €89 billion ($98.6 billion) of net purchases – the most since Q3 2017. Year-to-date, funds have bought a net €204.8 billion, almost three times more than in the whole of 2018.
Data from the European Central Bank (ECB) also shows that quarterly transactions of corporate bonds were €13.2 billion, of bank debt €3.8 billion, of government bonds €1.1 billion, for insurance and pension fund debt €777
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