This week, investors started paying for the privilege of holding Finnish government bonds that won't mature for another decade.
Finland, the Nordic region's worst-performing economy, is now the only non-AAA issuer in Europe with a negative 10-year yield. Creditors seem uninterested in what the ratings companies think.
Ten-year yields on German, Swiss, Dutch, and Danish government bonds, already negative, have traded lower this week. Finland crossed the zero threshold to join the club on Tuesday as the bond market runs out of top-rated sovereign assets to hoard. Euro-zone bonds are also benefiting from the European Central Bank's asset purchase program.
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