What stands out in the chart above, is that 2/3rds of AA-rated EUR bonds, over 1/3 of single As, over 1/5 of BBBs and nearly a tenth of BBs yield less than zero at the moment. Here is the shocking punchline: the higher-rated front end is essentially all under water and 33% of the €2.2tn market, or some €700bn of EUR IG corporate bonds, have a negative yield.
https://www.zerohedge.com/news/2019-07-13/third-all-european-ig-bonds-has-negative-yields
