Investors pay to lend Germany money

EU government bonds yielding negative interest – meaning that investors are paying to lend to a country – have surged from $20 billion to $2 trillion in less than a year, according to JP Morgan
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Five-year government bonds (interest rates to Feb 26)

Austria Denmark Germany Netherlands Finland

Dec 2014 Jan 2015 Feb

-0.5 -0.4 -0.3 -0.2 -0.1 0.0 0.1 0.2 0.3 0.4 %

Jan 22: European Central Bank announces plans for €60bn-a-month bond-buying programme, sending yields on some government bonds to below zero

Feb 12: Danish bond yields fall to -0.495%

Feb 25: Germany sells €3bn of five-year bonds at a record low of minus 0.08%

Finland -0.012%

Netherlands -0.024%

Austria -0.054%

Germany -0.091%

Denmark -0.254%
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Sources: JP Morgan, Financial Times, Investing.com

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