Central banks ramp up buying at euro zone bond sales

Central banks boosted purchases of euro zone bonds in 2025, with allocations rising to 20% at syndicated sales.

Asian central banks and sovereign funds are showing renewed interest in euro zone debt, especially longer maturities.

Political stability, lower deficits, and easing ECB policy are making European bonds more attractive.

While euro interest is growing, reserve managers remain cautious about shifting away from U.S. dollar dominance.