Electronic TradeWeb, today, Monday, that the yield of three quarters of government bonds for the euro zone traded on it, amounting to 8.9 trillion euros, was negative at the end of October, which is, according to its description, a record high.
the platform added that the market value of euro zone sovereign bonds, whose returns were less than zero, rose to About 6.53 trillion euros, or 73.25% of the total market value, at the end of last month.
The above figure, up from around six trillion euros at the end of September, represents a record high in data going back to 2016.
Tradeweb also stated that the total value of the investment-rated euro-denominated bonds reached 1.37 trillion euros, or about 40% of a market value of around 3.5 trillion euros, at the end of October. This is the highest since August 2019 and up from around 29% at the end of September.
NBC, the eurozone finance ministers will discuss tomorrow, Tuesday, how to deal with the worsening economic outlook in light of the spread of a second wave of the Corona virus across Europe, forcing more and more countries to impose closures of varying severity.
and states that In July, European Union leaders agreed to launch a 1.8 trillion euro recovery plan that would help support the economy over the next seven years after the unprecedented recession this year.
