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

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.
Comments (1)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    amazing....and someone bought Italian debt today....
    14 Nov 2012, 08:25 AM Reply Like
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