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Teleportation To Swiss Safety Pushes Record Negative 2 Year Yield

Tyler Durden's picture




 

The best news of the day is that the world just can't wait to pay off Swiss government debt by "buying" Swiss government debt with its -30 bps yields.

 

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Fri, 06/01/2012 - 09:29 | 2483613 Slope of Hope
Slope of Hope's picture

Those Swiss know how to party!

Fri, 06/01/2012 - 09:36 | 2483652 evolutionx
evolutionx's picture

Germany will follow

Have a look at 2y german Bonds 0,01%

http://www.cds-info.com

Fri, 06/01/2012 - 09:45 | 2483711 midtowng
midtowng's picture

How can I get in on this party? I would gladly allow people to pay me so that I can borrow money from them.

Fri, 06/01/2012 - 10:45 | 2484046 SWRichmond
SWRichmond's picture

Mr. Market doesn't buy the "peg" any more than I do.

Fri, 06/01/2012 - 09:30 | 2483615 bdc63
bdc63's picture

truly amazing, isn't it?  that's the kind of thing that gives Geitner wet dreams

Fri, 06/01/2012 - 09:30 | 2483625 SHEEPFUKKER
SHEEPFUKKER's picture

Humans really aren't that smart are they?

Fri, 06/01/2012 - 09:30 | 2483617 Al Huxley
Al Huxley's picture

So if I was the Swiss gov't, I'd take this windfall of free money, and load up on gold.

Fri, 06/01/2012 - 12:27 | 2484570 ConfederateH
ConfederateH's picture

Tom Jordan of the SNB got a phone call from Tim Geithner.  Turbo Timmy said "If the SNB starts buying gold then its the Kadaffy treatment for you". 

Presto, the cowardly Swiss started buying more € bonds.

Fri, 06/01/2012 - 09:30 | 2483622 Thoresen
Thoresen's picture

I knew I should have ordered more cuckoo clocks.

Fri, 06/01/2012 - 09:31 | 2483628 1835jackson
1835jackson's picture

Buy the fucking dip!

Fri, 06/01/2012 - 09:34 | 2483642 Jim B
Jim B's picture

Talk about bubbles!  What happens when rates go up! LOL

I am sure Goldman is telling their clients to buy! 

Fri, 06/01/2012 - 09:36 | 2483643 evolutionx
evolutionx's picture

German rate today

0.01% +400% 0.33% -2.08% 1.16% -3.33%

http://www.cds-info.com

Fri, 06/01/2012 - 09:34 | 2483644 timbo_em
timbo_em's picture

I guess nowadays RoC stands for return of capital rather than return on capital.

Fri, 06/01/2012 - 09:34 | 2483645 Roland99
Roland99's picture

I was just thinking to myself, "Self? Where I can put my money to where I have to *pay* someone to hold it for me?"

 

Fri, 06/01/2012 - 09:42 | 2483694 LawsofPhysics
LawsofPhysics's picture

"Where can I put my money to where I have to pay someone to lose it for me"- fixed.

 

So grandma and grandpa will have to become bond traders to survive - "winning"  LMFAO!!!

Fri, 06/01/2012 - 09:47 | 2483719 Roland99
Roland99's picture

much obliged for that correction!

Fri, 06/01/2012 - 09:35 | 2483654 vinoverde
vinoverde's picture

they are still pegged right?

that is what is doing it: PPP

Fri, 06/01/2012 - 09:36 | 2483658 writingsonthewall
writingsonthewall's picture

Does anyone bother to look at Groupon anymore?

 

It's been falling heavily for the last 3 days - nearly 20% down.

 

There is clearly a rebellion against overpriced tech stocks - when does Twitter float?

 

That would be the ultimate - a chatter machine on nonsense which is going to be valued @ 10000 times earnings.

#whensthetwitterponzistart

Fri, 06/01/2012 - 09:39 | 2483674 debtor of last ...
debtor of last resort's picture

Next month you will ask: at what time does QE come in?

Fri, 06/01/2012 - 09:49 | 2483738 Sudden Debt
Sudden Debt's picture

Who knows, at this rate, next month you might have to pay for your stuff in hundred dollar bills by the kilo.

 

Fri, 06/01/2012 - 09:40 | 2483678 LawsofPhysics
LawsofPhysics's picture

The debts will pay themselves off, awesome.  This should help the current state of capital mis-allocation and mal-investment - FAIL

Fri, 06/01/2012 - 09:48 | 2483730 Sudden Debt
Sudden Debt's picture

FOR EVERY 100$ YOU GIVE ME NOW, I'LL GIVE YOU BACK 90$ TOMORROW!

 

Fri, 06/01/2012 - 09:53 | 2483761 PontifexMaximus
PontifexMaximus's picture

If you would be the CH Gov. you could say so

Fri, 06/01/2012 - 11:10 | 2484208 Hulk
Hulk's picture

and $80 the next day...

Fri, 06/01/2012 - 09:51 | 2483746 Genève Barbegazi
Genève Barbegazi's picture

Here is zee plan!

Unpeg the CHF from the Euro

Buy gold while CHF over-valued

Use sovereign fund to buy up European assets

then go through with introduction of Gold Franc.

Banking is reborn in Switzerland.

Who else could actually have a chance of getting away with a gold standard?

Fri, 06/01/2012 - 09:58 | 2483793 LawsofPhysics
LawsofPhysics's picture

we have a winner.  You just forgot the "WWIII" step.

Fri, 06/01/2012 - 10:19 | 2483932 halflink123
halflink123's picture

truly f*cking batsh*t crazy.

 

paying people to lose you money. wow. 

Fri, 06/01/2012 - 10:23 | 2483955 GMadScientist
GMadScientist's picture

And then a negative 5yr...then 10yr...

http://www.youtube.com/watch?v=PKQJbfFcwK8

Fri, 06/01/2012 - 10:46 | 2484053 Lionhead
Lionhead's picture

All is going as envisioned. Germany is but a prologue to the US. The hysteria will be phenomenal. Listen for the "sucking sound."

Fri, 06/01/2012 - 11:12 | 2484224 Oxygen
Oxygen's picture

War with Iran imminent?

Fri, 06/01/2012 - 11:16 | 2484249 Dr. Crime
Dr. Crime's picture

Every Greek, Italian or Spaniard who has the ability to get their monies out of a national bank is looking for a large mattress to hide it under. If you have too much to hide at home then move it to Switzerland where you think you have some protection from your national government confiscating it. So essentially you are paying the Swiss a fee to guarentee you will get your money back when you ask for it.

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