German Bundesbank reports EUR 14.0 billion rise in Germany's debt securities outstanding in April

The German Bundesbank published April securities market data showing that outstanding debt securities in Germany increased by EUR 14.0 billion. Domestic issuers lifted the stock of bonds by EUR 3.7 billion after redemptions and changes in issuers' own holdings, while foreign debt securities placed on the German market added EUR 10.3 billion. Net issuance was driven by domestic credit institutions, which increased capital market debt by EUR 18.3 billion, and domestic enterprises, which issued EUR 7.3 billion net, while the public sector reduced its capital market debt by EUR 21.9 billion. Non-resident investors were the main net buyers of domestic bonds at EUR 21.2 billion, followed by domestic nonbanks at EUR 11.1 billion and domestic banks at EUR 8.2 billion. The Bundesbank's bond portfolio fell by EUR 26.5 billion because securities held under the Eurosystem's purchase programmes matured. In the equity market, domestic companies raised EUR 2.0 billion and the outstanding volume of foreign shares on the German market rose by EUR 5.3 billion, with domestic banks buying EUR 8.4 billion net. Domestic investment funds recorded modest inflows of EUR 1.4 billion, entirely driven by Spezialfonds at EUR 1.7 billion, while equity funds saw outflows of EUR 1.2 billion and the volume of foreign fund units distributed in Germany increased by EUR 14.3 billion.