FIXED INCOME
Eurozone no better than US in terms of financing trajectory
QT accelerating in 2025 will force demand pick up by other actors
EGB supply – Eurozone (EUR bn)
Financing needs by country (EUR bn)
225
+32,1
+18,8
200
175
76,7
+1,7
77,4
42,4
150
63,6
125
+18,6
59,4
67,8
100
44,8
75
30,2
129,9
127,7
116,0
111,0
50
79,7
73,0
61,8
57,8
25
0
2024 2025 2024 2025 2024 2025 2024 2025
France
Germany
Italy
Spain
Net issuance QT Net supply
Public Sources : Rothschild & Co Asset Management, Bloomberg – 31/12/2024 This presentation contains historical market data. Historical market trends are not a reliable indicator of future market behavior. This data is provided for illustrative purposes only. Depending on the date of issue, the information presented may differ from the updated data
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