Dark Future for Euro Area as Nearly All Swiss Corporate Yields Go Negative
- Nearly all Swiss franc senior bonds trade at negative yields
- Euro credit market hits milestones first seen in Switzerland
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If you think credit markets in Europe couldn’t look more forbidding, think again.
Just look at Switzerland. Companies there entered the $16 trillion labyrinth of global negative yielding debt back in 2015. With almost all high-grade corporate bonds in Swiss francs now offering below-zero yields, the nation offers a cautionary tale for the euro zone.