07:00 AM EST, 01/28/2025 (MT Newswires) -- The weekly analysis of flows into eurozone government bonds shows that in the week ending last Friday, investors were net buyers of all sovereign bonds -- Germany's Bunds, France's OATs, Italy's BTPs and Spain's SPGBs, said Societe Generale.

-- Bunds saw net buying over the week, continuing the trend of the previous week, driven by both non-domestic and domestic investors. Domestic investors were mostly net buyers of the 20y+ sectors, with banks being the most active investors. Continuing the trend of the previous week, non-domestic investors were also net buyers, mostly in the 5-10y sector, with asset managers and pension funds leading the way.

-- OATs saw net buying, extending the trend of the previous nine weeks, driven by both domestic and non-domestic investors. Domestic investors were primarily net buyers of the 10-20y and 20+y categories, driven by asset managers and insurers. The net buying of non-domestic investors remained on the same trend as the previous nine weeks and was led by banks and hedge funds in the 5-10y category.

-- BTPs saw net purchasing, continuing the trend of the previous seven weeks, mainly driven by domestic investors. Domestic investors were net buyers of bonds for the seventh straight week, mostly in the 10-20y and 2-5y categories, led by banks. Non-domestic investors were net sellers for the second consecutive week, driven by hedge funds in the 5-10y segment.

-- SPGBs saw net buying, led by both domestic and non-domestic investors, continuing the trend of the previous two weeks. Domestic investors' net buying was a continuation of the trend of the previous 16 weeks and was primarily in the 2-5y and 20+y sectors, driven by banks and insurers. Non-domestic investors were also net buyers, continuing the trend of the previous two weeks. Their net buying was mostly in the 2-5y category, mainly driven by asset managers and banks.