12:28 PM EDT, 07/07/2025 (MT Newswires) -- The weekly analysis of flows into eurozone government bonds shows that, for the week ended last Friday, investors were net buyers of Germany's Bunds, France's OATs, and Spain's SPGBs, and net sellers of Italy's BTPs, said Societe Generale.

-- Bunds saw net buying over the week, continuing the trend from the previous two weeks, driven by both domestic and non-domestic investors. Domestic investors were net buyers for the fourth consecutive week. The net buying was primarily in the 20y+ and 5-10y sectors, with insurers and asset managers being the most active. Non-domestic investors were also net buyers, reversing the trend from the previous week, mostly in the 20+y sector, led by banks and hedge

funds.

-- OATs experienced net buying, reversing the selling trend of the previous week, driven by both domestic and non-domestic investors. Domestic investors were primarily net buyers in the 5-10y and 20+y categories, led by asset managers and insurers. The net buying by non-domestic investors also reversed the trend from the previous week, led by hedge funds and asset managers

in the 5-10y category.

-- BTPs saw net selling, reversing the trend of the previous 12 weeks, driven by non-domestic investors. Domestic investors were net buyers, maintaining the trend from the previous 17 weeks, mostly in the 2-5y and 5-10y categories, led by asset managers and banks. Non-domestic investors were net sellers, reversing the trend from the previous week, driven by hedge funds and pension funds in the 20+y and 2-5y segment.

-- SPGBs experienced net buying, extending the trend from the prior 10 weeks, led by both domestic and non-domestic investors. Domestic investors' net buying continued the trend from the previous nine weeks and was primarily in the 2-5y and 5-10y sectors, driven by banks and asset managers. Non-domestic investors were net buyers, maintaining the trend from the previous 12 weeks. Their net buying was mostly in the 20+y and 10-20y categories, primarily driven by asset managers and banks.

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