ING: Eurozone total bond supply decreased in June, with net flows rising to 57 billion euros

(1) ING interest rate strategists stated in a report that the total supply of government bonds in the eurozone in June is expected to decrease compared to May, but net flows will increase. (2) They estimate the total supply in June to be 125 billion euros, below May's 148 billion euros. Issuance in May was boosted by intensive syndicated transactions, and Greece and Italy could become potential candidates for syndicated transactions before the summer. (3) Bond redemptions and coupon payments in June are expected to decrease compared to May. The strategists pointed out: “Overall, this will increase the net flow from 29 billion euros in May to 57 billion euros.”