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.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Slope of Hope's picture

Those Swiss know how to party!

evolutionx's picture

Germany will follow

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

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.

SWRichmond's picture

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

bdc63's picture

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


Humans really aren't that smart are they?

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.

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.

Thoresen's picture

I knew I should have ordered more cuckoo clocks.

1835jackson's picture

Buy the fucking dip!

Jim B's picture

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

I am sure Goldman is telling their clients to buy! 

evolutionx's picture

German rate today

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

timbo_em's picture

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

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?"


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!!!

Roland99's picture

much obliged for that correction!

vinoverde's picture

they are still pegged right?

that is what is doing it: PPP

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.


debtor of last resort's picture

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

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.


LawsofPhysics's picture

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

Sudden Debt's picture



PontifexMaximus's picture

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

Hulk's picture

and $80 the next day...

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?

LawsofPhysics's picture

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

halflink123's picture

truly f*cking batsh*t crazy.


paying people to lose you money. wow. 

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."

Oxygen's picture

War with Iran imminent?

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.