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Some of those outflows reflect wealthy individuals attempting to convert their money into dollar or euro denominated assets such as real estate and investments abroad.
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11.51am BST More euro-denominated bonds from Asian issuers?
Higher rates increase the allure of euro-denominated assets.
Many managers reduced their bets on euro-denominated bonds.
Will the European Central Bank insist that big euro-denominated trades be cleared within the eurozone?
The euro-denominated bond, for instance, was sold largely to insurance companies and annuity firms.
Devaluation for Greece would increase the burden of euro-denominated debt.
For example, euros deposited in German banks would remain euro-denominated.
However, she rejected guaranteed euro-denominated bonds as a solution to the debt crisis.
The value of their euro-denominated bank accounts, if converted into new drachma, would plunge.
Currently, London deals with around 40 percent of euro-denominated trading.
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