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LATE BRIEFING - Unternehmen und Märkte
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Bonds subdued after Italy rally on Monday, Tuesday Focus on U.S. Federal Reserve
AMSTERDAM, Jan 27 (Reuters) - Euro zone bond yields held ground on Wednesday as focus turned to a flurry of government bond sales in the bloc.
Austria and Greece launched sales of new 10-year bonds, and Slovenia is selling a new 60-year bond, all three via syndication, according to lead manager memos seen by Reuters and a bourse filing.
In syndications, investment banks sell bonds directly to end investors, allowing borrowers to issue larger amounts and reach a wider investor base.
They join larger governments like Italy, Spain and France who sold bonds via syndication earlier this month as part of the usual January cycle, most of which received record demand as investors bet that European rates will stay lower for longer.