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Soaring prices in super-long euro bonds ape crypto, tech surges

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By Ritvik Carvalho

LONDON (Reuters) – If you thought exponential price surges and bubble-like vertical chart lines were only the stuff of cryptocurrencies or tech stocks, think again. Euro zone government bonds with super-long maturities between 50 and 100 years are surging.

These long-dated bonds reflect recession concerns, a collapse of inflation expectations, negative interest rates and expectations of ever more central bank bond buying. But for speculators, the price gains this year are eye-watering.

Austria’s 100-year bond <AT100YT=RR> has seen a 63% rise since the start of this year. The country’s 70-year bond <AT70YT=RR> has rallied nearly 50%.

GRAPHIC: Long-dated bonds rally –

For an interactive version of the above graphic, click here

Other long-dated debt in the euro zone, such as Belgium’s 50-year bond, has rallied 45%. Slovakian and French equivalents have gained 44.7% and 41.3% respectively.

GRAPHIC: Austria’s long-dated debt rallies –

For an interactive version of the above graphic, click here

(Reporting by Ritvik Carvalho; editing by Larry King)

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