Which are the safest government bond markets in Europe?

Yields on Swedish government bonds have dropped to their lowest ever levels relative to Germany today as investors flee traditional safe havens amid the eurozone panic.

The move has made AAA-rated Swedish 10-year government bonds one of the safest havens in Europe, according to Bloomberg data. Yields have dropped to 1.799% on 10-year Swedish government bonds, while yields on 10-year German bunds are now at 2.2%. Switzerland - which saw yields on its short-dated government debt turn negative last month - is also yielding less than Germany, with 10-year bonds paying out 0.84%. Meanwhile Denmark is paying 1.892%. A disastrous German bund auction last week saw a worrying lack of demand for bunds, which have historically been perceived as a safe haven....