By Dhara Ranasinghe
LONDON, Oct 2 (Reuters) – The pile of negative yielding euro zone government bonds rose in September to just over 6 trillion euros from around 5.4 trillion a month earlier, Tradeweb data showed on Friday, the latest sign that global uncertainty has renewed demand for safe assets.
A rise in COVID-19 cases in Europe, concern about the economic outlook and unease ahead of a looming U.S. election has pushed down sovereign bond yields globally.
In Europe, where 10-year German bond yields notched up their biggest monthly fall in five months in September, that has meant an even deeper push into negative-yield territory DE10YT=RR.
According to Tradeweb data, around 68.6% or just over 6 trillion euros of the 8.9 trillion euro government bond market had negative yields as of the end of September.
That was up from around 62% at the end of August and marked