Bond Sales Resume in Trickle as Most Borrowers Stand Down

Bond sales resumed with a trickle of deals as borrowers ventured back into the market despite a spike in credit risk and sovereign yields tied to the Middle East conflict.

Leading the way were investment-grade sovereign borrowers. Germany raised €4 billion ($4.6 billion) from a green bond sale, while Austria sold €3.5 billion in notes. German development bank Investitionsbank Schleswig-Holstein also tapped the market.