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Sub-zero yields reported on over half of euro investment-grade company debt

Section: Daily Dispatches

By Yoruk Bahceli
Reuters
Monday, August 2, 2021

 More than half of all investment-grade corporate bonds in the euro zone now trade with sub-zero yields, with the pool growing in July to its biggest on record, Tradeweb data showed today.

Bond markets rallied sharply in July, sending yields tumbling across the world as a slowdown in economic momentum, fears around the Delta coronavirus variant, and the unwinding of bets against bonds all sent investors into fixed-income markets, supported by dovish messaging from central bankers.

... Dispatch continues below ...


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Credit markets were a key beneficiary and some 1.87 trillion euros of investment-grade corporate debt traded on the Tradeweb platform closed July with a sub-zero yield, accounting for 50.7% of the nearly 3.7 trillion euro market. ...

... For the remainder of the report:

https://www.reuters.com/article/eurozone-bonds-negative/update-1-sub-zero-yields-on-over-half-of-euro-investment-grade-company-debt-tradeweb-idUSL8N2P94FR

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