Swiss 2 Year: -0.38%

Correction: the below bond was the Swiss 10 year. 2 Year was -0.38%, still a record. Pretty bad either way, and what is 14 bps between friends.

The record Swiss nominal 2 year yield is presented without commentary (but in conjunction with the previous post showing an outflow of just why of €500 billion overnight from the ECB as a clue where the money is going).

* * *

Good luck SNB: you will need it.