Swiss 50-yr sovereign debt yielding negative rates

Swiss 50

The Swiss 25/6/2064 fifty year sovereign bond is now trading negative yields. So in effect if you buy it today you explicitly make a choice to receive less money in 2064 if you hold it til maturity. Although what you are really saying is that you expect deflation in 50 years time. No point me buying it as I am not sure whether I’ll live til 93 to redeem it.

This is not a positive outcome for global markets.

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