Pool of negative-yielding euro area govt bonds at new record high in Nov - Tradeweb

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LONDON, Dec 1 (Reuters) - The pool of negative-yielding government bonds in the euro area hit a new record high in November, and now encompasses three-quarters of the total market, data released by Tradeweb on Tuesday showed.

The market value of euro area sovereign bonds with yields below 0% rose to around 6.7 trillion euros, or 75.29% of a total market worth 8.9 trillion euros, Tradeweb said.

This was up from 6.53 trillion euros at the end of October and marked a record high in the data going back to 2016.

Tradeweb data also showed a 1.65 trillion-euro pool of negative-yielding euro-denominated investment grade paper -- almost 47% of the market at the end of November.

That was the highest since August 2019 and is up almost 18 percentage points since September.

In Britain meanwhile, the pile of government bonds traded on Tradeweb with negative yields shrank in November to around 41% of a total market worth around 2.5 trillion pounds, from around 48% at the end of October. (Reporting by Dhara Ranasinghe; editing by Sujata Rao)