Lands, at least the better ones, are also borrowing at zero/slightly negative yields: http://www.boerse-frankfurt.de/en/bonds/lfa+f+b+bayern+is+r262var+DE000211

Lands, at least the better ones, are also borrowing at zero/slightly negative yields: http://www.boerse-frankfurt.de/en/bonds/lfa+f+b+bayern+is+r262var+DE0002111986?portal=3 http://www.boerse-frankfurt.de/en/bonds/lfa+f+b+bayern+is+r2... This happens not (only) because it is safer to keep piles of German bonds than piles of EUR, but because of the unorthodox ECB monetary policy. We certainly live in some very interesting times.