A ramp-up in debt sales in Europe, led by Germany’s sale of its first 30-year green bonds, sent yields jumping across the region, Bloomberg News reported. The country racked up record orders of more than 38.9 billion euros ($47 billion) for its 6 billion-euro offering. The sale comes alongside placements from the Netherlands and the U.K., helping push conventional German 30-year yields to their highest since 2019. Benchmark Italian yields headed toward 1% for the first time since September as traders bet an economic recovery will spur inflation. “Duration supply seems to be hitting markets pretty hard,” said Pooja Kumra, senior European rates strategist at Toronto-Dominion Bank. “That said, the long-end of European curves looks pretty steep, which provides some demand.” Investors are paring holdings of haven assets in the secondary market as vaccines are rolled out to reduce the threat from the pandemic. Yet syndicated sales are still attractive for investors who know that if needed, they can offload bonds to the European Central Bank through an asset-purchase program that forms part of its aggressive stimulus package. Read more.