Investors around the world are buying a growing number of European bonds as they move away from U.S. Treasuries, says Citigroup (C).
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According to an analysis by Citigroup, which is based on European Central Bank (ECB) data, European bonds saw nearly 100 billion Euros (US$116.4 billion) of buying from outside the continent in May, the largest amount in more than a decade.
Analysts at Citigroup, which is one of the largest U.S. commercial banks, say the data shows that European assets are benefiting from a move away from U.S. Treasuries and markets. The 100 billion Euros of net inflows into European bonds with maturities longer than one year that was seen in May were the largest on a monthly basis since 2014, says Citigroup.
Loss of Confidence
Allocation away from U.S. to European assets has been a big theme across financial markets in recent months as investor confidence in America is…
