The global technology selloff has largely spared European corporate bonds. Windfalls from recent debt deals by Meta Platforms Inc. and Alphabet Inc. have helped the market avoid the severe losses seen in equities and US credit. European investment-grade bonds posted modest gains, outperforming their American counterparts amid broader risk aversion.
Strong demand for new issuance provided a buffer against the broader market downturn. Analysts note that the size and timing of these tech deals have created a protective effect for the sector.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing