Pay for the pleasure of buying Swiss 10 year bonds

swiss bank

This is clearly indicative of a healthy and improving world economy. Everything is just fine.

(From Zerohedge)

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?

Click here for the article.

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