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Fair enough. I mean I still don't comprehend why folks accept negative-interest bonds.
Almost all of them are being bought by (a) central banks who conjure money out of thin air to buy them, (b) pension funds managers hamstrung by obsolete rules and objectives, and (c) people chasing the bubble, convinced they will be able to sell to the greater fool.
Many pension funds are not permitted to hold cash so they are forced into negative yielding bonds. Its pernicious.
Coercive regulation of pension funds is what makes it pernicious. Imagine how fast bad managers would loose customers in a free market.
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