U.S. markets close in 4 hours 17 minutes
  • S&P 500

    4,400.38
    -22.77 (-0.51%)
     
  • Dow 30

    34,797.61
    -318.79 (-0.91%)
     
  • Nasdaq

    14,742.11
    -19.19 (-0.13%)
     
  • Russell 2000

    2,216.10
    -7.48 (-0.34%)
     
  • Crude Oil

    68.65
    -1.91 (-2.71%)
     
  • Gold

    1,810.40
    -3.70 (-0.20%)
     
  • Silver

    25.42
    -0.16 (-0.61%)
     
  • EUR/USD

    1.1843
    -0.0025 (-0.21%)
     
  • 10-Yr Bond

    1.2000
    +0.0240 (+2.04%)
     
  • GBP/USD

    1.3904
    -0.0011 (-0.08%)
     
  • USD/JPY

    109.4930
    +0.4430 (+0.41%)
     
  • BTC-USD

    39,281.12
    +1,059.04 (+2.77%)
     
  • CMC Crypto 200

    967.24
    +40.48 (+4.37%)
     
  • FTSE 100

    7,127.18
    +21.46 (+0.30%)
     
  • Nikkei 225

    27,584.08
    -57.75 (-0.21%)
     

Pool of negative-yielding bonds in euro shrinks to one-year low

·1 min read

LONDON, June 1 (Reuters) - The pool of negative-yielding euro zone government bonds shrank in May to its lowest in a year, as brighter economic prospects pushed up borrowing costs across the bloc, Tradeweb data showed on Tuesday.

Tradeweb said the market value of negative-yield euro-denominated government bonds traded on its platform stood at around 5.3 trillion euros ($6.48 trillion) as of end-May in a total market worth almost 9 trillion euros.

That accounted for around 59% of the total market, a touch lower than 60% at end-April and the lowest share in a year.

The market value of British gilts on the Tradeweb platform with negative yields stood at around 651 billion pounds ($923 billion) at the end of May, or 26% of a total market worth around 2.5 trillion pounds. That share of negative-yielding UK debt was broadly unchanged from a month earlier.

Tradeweb data also showed a 1.2 trillion-euro pool of negative-yielding euro-denominated investment grade paper -- roughly 36% of a total 3.5 trillion euro market at the end of May. This was a touch lower compared to the previous month. (Reporting by Dhara Ranasinghe; Editing by Saikat Chatterjee)