Swiss long bond carries no interest

07 June 2016

 

Switzerland has announced an issue of long bonds which mature in June 2029, at the lowest coupon on record. In fact the coupon will be zero per cent, yes 0.00%. Investors will be placing their money with the Swiss National bank for 13 years for no return. Swiss bonds with maturities out to 22 years are already trading in the secondary market at negative yields but this is the first...

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