Pool of negative-yielding European bonds shrank further in May - Tradeweb
June 1 (Reuters) - The pool of negative-yielding euro zone bonds shrank further in May as yields across the bloc's debt markets continued their march higher, according to data releasd on Wednesday by electronic bond trading platform Tradeweb.
Just 1.09 trillion euros of euro zone government bonds carried negative yields at end-May, Tradeweb said, or 12.9% of the total it tracks, down from 17.7% in April.
That was a new low since at least 2016, when Tradeweb first started compiling the data. While all benchmark euro zone government bonds now carry positive yields, Tradeweb's data also includes inflation-linked bonds, many of which still offer yields far below 0%.
In corporate debt, the pool of negative-yielding euro investment-grade bonds fell to 174 billion euros, or 4.6% of the total market, a new low since May 2020 and down from 6.8% in April, the data showed.
In Britain, the pool negative-yielding government bonds fell to 545 billion pounds, or 24.6% of the market, the lowest since Tradeweb started tracking UK data in May 2020. (Reporting by Yoruk Bahceli; editing by Sujata Rao)
