Eurozone bond yields fall further on QE

A combination of eurozone QE and persistent worries over EU-wide deflation brought German bond yields below that of Japan for the first time in recorded history. Chocolate maker Nestle saw the yield on its 4-year euro denominated corporate bonds turn negative to minus 0.008%, a highly unusual event given that, effectively, buyers are paying to hold the bonds.  There is now a total of EUR 1.5 trillion worth of euro denominated bonds with maturities of under a year now trading on negative yields.