[Toddsterpatriot]

Bond yields are tied to the interest rate

Yes.

Japan just recently canceled a bond auction for lack of buyers due to negative interest rates.

I hadn't heard that, you have a link?

[MortMan]

I googled it, but haven’t checked the actual link:

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwiNyfvyrvDKAhXCLSYKHcJnCF4QFggdMAA&url=http%3A%2F%2Fwww.zerohedge.com%2Fnews%2F2016-02-02%2Fhere-come-unintended-consequences-japan-cancels-10y-bond-auction-fears-sub-zero-rate&usg=AFQjCNEjq7v91lJnXHjy1U3dIsN0umhUTw