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The Swiss 10-Year Bond Illustrates Central Banks' Flawed Monetary Policy

Negative 15 Basis Points

Switzerland's 10-Year Bond Yield is now negative 15 basis points, yeah that's right, we don't even have to bring up the notion of inflation and real rates of return. The actual 10 year bond for Switzerland is charging investors 15 basis points for the privilege of buying Swiss debt, and you thought CD rates were…