The SNB has to do something with those euros it's sweeping up. Investors pay for the privilege...

|By:, SA News Editor

The SNB has to do something with those euros it's sweeping up. Investors pay for the privilege of lending to Germany, the country selling €4.323B in 2-year Schatz priced to yield -0.02%. It's the first negative yield at an auction since Mario Draghi's late-July "whatever it takes" comments put a temporary halt to the debt crisis.