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The Swiss Government has been selling 10-year notes at a negative yield of -0.055%. People are willing to pay Switzerland to store their money. http://www.wsj.
by SeoxyS 11y ago
The Swiss Government has been selling 10-year notes at a negative yield of -0.055%. People are willing to pay Switzerland to store their money.
http://www.wsj.com/articles/switzerland-first-with-10-year-bond-at-negative-yield-1428489209 http://www.wsj.com/articles/switzerland-first-with-10-year-b...
- jonknee 11y agoThe amazing part of that isn't the negative rate, it's the term. Paying for safety makes sense, but paying for safety for ten years is impressive.
- AnimalMuppet 11y agoDepends on (peoples' perception of) how hard it is to cash out in the meantime.
- tcbawo 11y agoThis is actually a currency trade. Switzerland was forced to devalue against the Euro once. It may happen again.