The negative yield on a bond essentially means people are paying for the privilege of lending to the Japanese government. With yields now down into the negative territory, it also suggests that there is continued demand for JGBs.

Similar to what happened in the U.S. after the Federal Reserve’s quantitative easing policy, falling yields in fixed-income assets could push investors to riskier and higher-yielding assets in the Eurozone. BWX has a 30-day SEC yield of 0.35%.

BWX is home to 795 bonds.

SPDR Barclays International Treasury Bond ETF

For more information on the fixed-income market, visit our bond ETFs category.