Euro area debt management evolves, foreign ownership rises, inflation bonds increase.
Government debt management in the euro area has seen recent changes, with a focus on objectives, organization, debt maturity, inflation-indexation, currency-denomination, debt ownership, and issuing practices. Key adjustments include more independence for debt management agencies, similar debt maturities and issuing strategies, increased use of inflation-indexed bonds and interest rate swaps, and a decrease in non-domestic currency debt but an increase in foreign ownership of euro area government debt. These changes are influenced by the introduction of the euro and the integration of European capital markets.