Value of Europe government debt falls 142b euros

Toronto

INVESTORS revolting against negative yields in Europe wiped 142 billion euros (S$212 billion) off the value of the region's government bonds this week, heading for the biggest sell-off since at least October 1993.

With Bill Gross and DoubleLine Capital's Jeffrey Gundlach among investors saying its time to sell bunds, the value of European bonds dropped to 5.75 trillion euros on Thursday, the lowest since March 4, Bank of Americ…