Investors are actually paying for the privilege of owning UK's IOUs | Nils Pratley

As inflation plummets, the bond market believes the coronavirus recession will be so severe that the rate will go lower yet

Roll up! Who wants to lend to the UK government for three years for zero interest?

Lots of people. The debt management office - a busy place these days - shifted 3.8bn worth of three-year gilts on Wednesday at a yield of -0.003%. If buyers hold their paper for the full three years, they will get back slightly less than they invested.