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Over half of euro zone govt bonds still carry sub-zero yields- Tradeweb

reuters.com · 09/01/2021 07:53
Over half of euro zone govt bonds still carry sub-zero yields- Tradeweb

- The pool of negative-yielding euro-denominated government debt stood at 6.4 trillion euros ($7.56 trillion) at the end of August, or roughly 69% of a total market worth some 9.2 trillion euros, Tradeweb data released on Wednesday showed.

That was little changed from levels seen at the end of July but still represents well over half of euro area sovereign bond markets, in a sign that the uncertain outlook continues to force investors to hold negative-yielding debt .

The pool of negative-yielding euro investment-grade corporate bonds dipped to around 1.65 trillion euros at the end of August or around 45% of a total market worth 3.7 trillion euros.

This was down from 1.87 trillion euros at the end of July, which was the highest on record, according to Tradeweb data going back to 2016.

The pool of negative-yielding British government bonds was hardly changed at 684 billion pounds ($941 billion), 26% of the total market at the end of August.


(Reporting by Dhara Ranasinghe; editing by Sujata Rao)

((Dhara.Ranasinghe@thomsonreuters.com; +442075422684;))