Who is buying negative-yielding German bonds? Foreign central banks, perhaps

Hellenic Shipping News | Oct 19, 2019 at 12:00 AM
  • German government bonds with their sub-zero yields have lured foreign inflows for four straight months.
  • For most of the time since early August, all German government bonds have carried negative yield.
  • For one, unlike mainstream asset managers, central banks are less sensitive to outright yields, buying bonds for monetary policy or to hold in currency reserves.