Dash for 30-year Cyprus bond shows lengthening euro debt horizon

Cyprus' first 30-year bond sale was overloaded with orders on Wednesday, with high demand for such long maturities showing just how much Europe's bond market is adjusting to expectations of persistently low interest rates and central bank stimulus.
The island nation began marketing five-year and 30-year bonds on Wednesday, and already demand has exceeded 9 billion euros, split evenly between the two maturities, bankers said.
The demand for 30-year debt from a country that needed a bailout from the European Union and the International Monetary Fund just five years ago is remarkable and says as much about the state of the European economy and bond market as Cyprus' prospects per se, debt managers said.
Several other eurozone countries have sold super long-dated debt in recent years and the average maturity of government bonds in the bloc is now at the highest level on...