European capital markets carry heavy bond supply and negative yields. Yet investors keep lapping it up. ESM - European Stability Mechanism Acting Head of Funding and Investor Relations Silke Weiss and Dimple Bhawsar, Principal, Derivatives and Market Intelligence, write in the latest #ESMBlog why euro area public sector borrowers are so popular and what could be coming next to the changing face of the supranational, sub-sovereign, and agency market.