German bank: demand for Eurozone bonds remains strong at current yield levels.

In a report, Hauke Siemssen of Deutsche Bank stated that the new 15-year government bonds issued by an Italian syndicate on Tuesday had strong demand, which bodes well for the upcoming issuance of Belgium's 30-year bonds on Wednesday. Italy issued 14 billion euros of new 2041 October maturity Italian government bonds. Interest rate strategists noted that the order size for this Italian bond issuance exceeded 157 billion euros, "very strong, indicating adequate investor demand at current valuation levels." Deutsche Bank expects Belgium's upcoming issuance of 2056 June maturity bonds to be 6 billion euros. In addition to Belgium's syndicate issuance, Germany will also auction 40 billion euros of 2032 November maturity German government bonds.