07:07 AM EDT, 04/08/2025 (MT Newswires) -- The weekly analysis of flows into eurozone government bonds shows that in the week ending last Friday, investors were net buyers of 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 domestic and non-domestic investors. Domestic investors have been net buyers for 13 straight weeks. The net buying was mainly in the 20+y and 5-10y sectors, with asset managers and
insurers being the most active. Non-domestic investors were also net buyers, mostly in the 5-10y and 20+y sector, led by asset managers.
-- OATs saw net buying, extending the trend of the previous 19 weeks, driven by both domestic and non-domestic investors. Domestic investors were primarily net buyers of the 10-20y and 20+y categories, led by asset managers. The net buying by non-domestic investors was a continuation of the trend of the previous two weeks and was led by hedge funds and banks in the 20+y and 10-20y categories.
-- BTPs saw net selling, reversing the trend of the previous 17 weeks, driven by non-domestic investors. Domestic investors were net buyers, continuing the trend of the previous four weeks, mostly in the 5-10y and 10-20y categories, led by banks and asset managers. Non-domestic investors were net sellers, reversing the trend of the previous week, driven by hedge funds in the 20+y and 10-20y segments.
-- SPGBs saw net buying, led by domestic investors, continuing the trend of the previous 12 weeks. Domestic investors' net buying was a continuation of the trend of the previous four weeks and was primarily in the 10-20y sector, driven by banks. Non-domestic investors were net sellers, continuing the trend of the previous 12 weeks. Their net selling was mostly in the 10-20y category, mainly driven by hedge funds.