The (government) bonds in Netherlands are negative going out 30Y: * https://ca.investing.com/rates-bonds/netherlands-government-bonds https://ca.investing.com/

The (government) bonds in Netherlands are negative going out 30Y: * https://ca.investing.com/rates-bonds/netherlands-government-bonds https://ca.investing.com/rates-bonds/netherlands-government-... Commercial bonds may not be too far off, so the spread may be enough for them to make a profit.