Foreign central banks pile into Swedish government bonds

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The figure confirms the attraction of the country's public finances, even as warnings increase about the state of the local economy.

The Office (Riksgälden) issued €1bn of two-year notes in a sale on Tuesday this week, which it said was the cheapest ever syndicated in the euro market.

"The deal was oversubscribed just over three times. The significant demand can be explained by a very strong interest for safe haven assets and the lack of alternatives with two years' maturity," the Office said.

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