08:13 AM EDT, 07/02/2024 (MT Newswires) -- The weekly analysis of flows into eurozone government bonds (EGB) shows that in the week ending last Friday, investors were net buyers of Germany's Bunds, France's OATs and Italy's BTPs, and net sellers of Spain's SPGBs, said Societe Generale.

-- Bunds saw net buying over the week, continuing the previous four weeks' trend, driven by

both domestic and non-domestic investors. Domestic investors were mostly net buyers of the 5-10y and 10-20y sectors, fuelled by asset managers and banks. Non-domestic investors were mostly net buyers in the 5-10y sectors, driven by banks and insurers.

-- OATs saw net buying, continuing the trend of the previous eight weeks, driven by both domestic and non-domestic investors. Domestic investors were primarily net buyers of the 10-20y and 20y+ categories, driven by insurers and asset managers. Non-domestic investors' net buying was a continuation of the previous six weeks' trend and was fuelled by asset managers and banks in the 10-20y and 20y+ categories.

-- BTPs saw net buying, reversing the trend of the previous week, driven by both domestic and non-domestic investors. Domestic investors bought sovereign bonds of all maturities but mostly the 20y+ and 10-20y sectors, led by banks and asset managers. Non-domestic investors were net buyers, reversing the trend of the previous week. Their net buying was driven by asset managers in the 20y+ segment.

-- SPGBs saw net selling, led by non-domestic investors. Domestic investors' net buying was a continuation of the preceding two weeks' trend. Domestic investors were primarily net buyers of the 20y+ and 2-5y sectors, driven by insurers and banks. Non-domestic investors were net sellers, a reversal of the previous week's trend. The net selling was mostly in the 2-5y and 20y+ categories, mainly driven by hedge funds and insurers.