Negative Yields on Eurozone Sovereign Bonds Becoming New Normal

Looks like its getting hard to find a positive yield in Europe.

Good thing the Greeks pay 5% or 10% or whatever to their foreign official central bank bond holders, and the IMF or those govt agencies might end up having to go to their respective governments for an appropriation to be able to operate.... hmmmmm.

Story here at the WSJ.

German government bonds offer negative yields on maturities up to six years, according to Tradeweb, as do bonds issued by Denmark. Five-year government debt carries a negative yield in the Netherlands, Austria, Sweden and Finland, and four-year government debt in France and Belgium.

High quality corporate yields are also going negative:

Credit markets are being so distorted by the European Central Bank’s record stimulus that investors are poised to pay for the privilege of parking their cash with Nestle SA. The Swiss chocolate maker’s securities, which have the third-highest credit ranking at Aa2, may be among the first corporate bonds to trade with a negative yield, according to Bank of America Corp.

Its probably in the best interests of these government agencies currently "negotiating" with Greece to rollover the Greek debt as those Greek holdings of theirs are quickly becoming the only government securities in Europe with a positive yield.