Euro Beats Dollar in the Bond Market

The euro has displaced the US dollar as the world’s pre-eminent currency in international bond markets, having outstripped the dollar-denominated market for the second year in a row.

Outstanding debt issued in the euro was worth the equivalent of $4,836bn at the end of 2006 compared with $3,892bn for the dollar, according to International Capital Market Association data.

Is the US dollar's popularity under threat?

Financial Times - Euro Displaces Dollar in Bond Markets

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