Germany on Wednesday became the second G7 nation after Japan to issue 10-year bonds with a negative yield, highlighting a willingness among investors to hold top-rated debt even as yields across the world collapse.

Germany’s 10-year government bond yield turned negative for the first time at an auction, fetching the lowest average yield on record for such paper at -0.05 percent. Ten-year yields in Germany – the euro zone’s benchmark issuer – have been trading below zero percent in the secondary market for the past three weeks and hit a record low last week at around minus 0.20 percent. FULL REPORT