法兴银行：欧元区债券发行策略的转变创造机会

Core Viewpoint - The issuance of long-term government bonds in the Eurozone is expected to decline this year, with a shift in issuance strategy creating opportunities, particularly in Germany and Italy [1] Group 1: Issuance Trends - The weighted average maturity of newly issued bonds has shortened over the past two years, a trend expected to continue due to high financing costs, a steep yield curve, and weakened demand for long-term bonds [1] - Germany is set to reduce the issuance of 30-year bonds, with Austria, the Netherlands, Belgium, and Finland likely to follow suit [1] Group 2: Market Opportunities - The 15-20 year bond segment is anticipated to become more active as a result of the changes in issuance strategy [1]