Less than 20% of euro zone govt bonds carry negative yields- Tradeweb

LONDON, May 3 (Reuters) - Less than a fifth of the euro government bonds on Tradeweb now carry sub-zero yields, data from the electronic bond trading platform showed on Tuesday.

The value of euro-denominated government debt stood at roughly 1.51 trillion euros ($1.59 trillion) as of the end of April, down from around 2.07 trillion euros at the end of March, the data showed.

This comprised 17.67% of a total euro area government bond market worth around 8.54 trillion euros on the Tradeweb platform, versus roughly 23% a month earlier.

When Tradeweb first started compiling the data in 2016 for Reuters, the pool of negative-yielding euro government debt stood at just over 3 trillion euros or 43% of the total market at the time.

The pool of negative-yielding euro-denominated investment-grade corporate bonds shrank to just 6.79% of a total market worth roughly 3.5 trillion euros at the end-April, Tradeweb data showed. That was the lowest share since May 2020 and down from around 9% a month earlier.

(Reporting by Dhara Ranasinghe; editing by Yoruk Bahceli)