Due to strong demand, the cost of issuing new euro bonds remains low.

Joost Beaumont and Shanawaz Bhimji of Dutch Bank stated in a report that the demand for new Euro-denominated credit bonds in June was strong, helping to keep new issuance discounts at the lowest level. These strategists noted that last week, banks issued 100 billion euros of new Euro debt, with secured bonds dominating the new issuance market. Secured bonds are debt securities issued by financial institutions and supported by asset pools such as mortgages or loans from the public sector.