Loading ...Swiss Government Becomes First Ever To Issue 10Y Debt At A Negative Yield
Tyler Durden’s pictureSubmitted by Tyler Durden on 04/08/2015 07:53 -0400
It had to happen sooner or later… in the new normal of yield-reaching, collateral-shortage-ing, money-printing economalypse, the Swiss government has become the first ever to issue a 10Y sovereign bond at a negative yield. As WSJ notes, while several European countries have sold government debt at negative yields up to five years of maturity – which means investors effectively pay for the privilege of buying it – no other country has previously stretched this out as long as 10 years. Mission Accomplished Central Bankers?