06:40 AM EDT, 08/20/2024 (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, Spain's SPGBs and Italy's BTPs, said Societe Generale.

-- Bunds saw net buying over the week, driven by domestic investors. Domestic investors were mostly net buyers of the 5-10y sector, fuelled by asset managers. Non-domestic investors were marginally net sellers, with hedge funds and pension funds reducing their holdings and banks and insurers increasing theirs.

-- OATs saw net buying, led by both domestic and non-domestic investors. Domestic investors were primarily net buyers of the 10-20y category, driven by insurers. Non-domestic investors' net buying was a reversal of the trend seen in the previous week and was fuelled by pension funds and asset managers in the 2-10y range.

-- BTPs saw marginal net buying, driven by domestic investors. Domestic investors bought bonds in all maturity segments except 10-20y, with banks being the main buyers. On the other hand, non-domestic investors sold BTPs, especially in the 10y+ segment, where hedge funds and banks were the main sellers.

-- SPGBs saw net buying, driven by non-domestic investors. Domestic investors' net buying continued the trend seen over the previous nine weeks and was primarily in the 10y+ sector, driven

by asset managers and insurers. Non-domestic investors were also net buyers, continuing the trend seen over the previous six weeks. The net buying was in the sectors with a maturity below 20y,

especially the 5-10y range, driven by asset managers and banks.