Any after tax yield is going to be an estimate. i no longer have access to a bloomberg login, but does it give its methodology? @ 104.54, YTM would be -0.44 not

Any after tax yield is going to be an estimate. i no longer have access to a bloomberg login, but does it give its methodology? @ 104.54, YTM would be -0.44 not taking other factors into account. There could also be technical reasons such as collateral requirements or other banking/trading requirements. > I'm not sure what bank you are referring to in the first sentence. These are bonds issued by the country. The purchasing institutions, not the issuing. These mostly banks aren't just giving money away, and they don't really have costs associated with carrying base money since they can just ship cash back to the central bank for reserve credit, i assume under most conditions. And the can always go elsewhere in the eurozone for yield, but they seem to need bunds for particular reason. not sure, i just pretty sure they aren't giving money away for no reason. they could even lay off currency risk and go for US Tsy.