Swiss bond yields are now again back to negative in 2025 - When US bonds are near 4.5%
Who are these biggies who are buying bonds at such yields, and most importantly, why are they doing it?
What can be the logical explanation - My hunch is Swiss being the tax haven - the surplus funds generated in the west might be flowing in there.
Can there be any other reasons?
cvs
2
Are these Swiss Govt. bond yields denominated in Swiss Francs (CHF)?
If yes, then can the CHF appreciation relative to USD provide >4.5% annual returns?
Yes
If the bond prices fall (yields appreciate from here) and USD strengthens a bit, it’ll be a double whammy for the bond buyers
US stocks at ATHs but it’s not supported by broad based rally. Infact the market breadth has been pretty bad. Almost nearing its worst levels
At some point, the dominance of big tech has to halt ryt? 
