It was another busy week, as the European market shows no signs of abating. According to researchers, European supply is running 40% ahead of issuance this time last year, meeting forecasts that places year-end volume for 2003 at E165 billion (US$192.5 billion), 35% over that recorded in 2002.

Dresdner Klienwort Wasser- stein pegs market volume for the rapidly closing October at more than E20 billion (US$23.3 billion) and another E25 billion (US$29.7 billion) is expected before the close of the year.

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