EFSF's Bond May Prompt Sovereign Sales Surge This Week: Chart

(Bloomberg) -- A planned debt sale by the European Financial Stability Facility this week will prompt other borrowers to follow its lead if history is anything to go by. Weekly debt sales from public sector borrowers have averaged 17 billion euros ($20.1 billion) whenever the EFSF has visited Europe’s bond market this year. That compares with a 10.6 billion-euro average for the sector so far in 2017.