Foreign investors purchased almost €100 billion of euro-area bonds in May, the largest monthly inflow since 2023, according to data compiled by Bloomberg. The buying spree underscores renewed demand for European fixed-income assets as investors reallocate capital in response to market turbulence triggered by the United States’ 145 percent tariff on Chinese goods that took effect in April. The surge in demand comes as Europe’s primary bond market remains buoyant. Companies issued about €310 billion of bonds in the first half of 2025, the highest first-half total outside the pandemic-distorted 2020. Bankers say issuers have been eager to fund early ahead of potential volatility, while investors have welcomed the additional supply amid relatively attractive yields and signs of slowing inflation in the euro area.