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The Swiss 10 year government bond yield plummets 18 basis points to 0.87%. As comparison,...

The Swiss 10 year government bond yield plummets 18 basis points to 0.87%. As comparison, Japan's 10 year is at 1%. Looking at the money markets, euroswiss futures are pricing in negative 90 day rates all the way out to June 2013. It's not stopping money from continuing to flow to the franc, which has turned higher against the dollar and the euro.
Comments (1)
  • mdmrjsds
    , contributor
    Comments (502) | Send Message
     
    Exxon-Mobil? That's a Swiss company. They bought it during the panic of '11, at a 50% discount to intrinsic value because of currency overvaluation.
    18 Aug 2011, 10:57 AM Reply Like
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