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Negative interest rates have had a new and unusual effect on taxing bodies in Switzerland: Swiss Canton Tells Taxpayers to Delay Settling Bills . Taxpayers in parts of Switzerland this year face an unusual request from fiscal authorities: please delay settling your bill until as late as possible
View article: Anti-Immigration Party Wins Swiss Election
View original post here: Milestones in Bond Insanity: Negative 10-Year Yield on Swiss Bonds, Mexico Sell 100-Year Bonds Denominated in…
See original article: SNB Warns of "Temporary Deflation", Promises Further "Unconventional Measures" Including Forex Interventions to Achieve…
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Bloomberg reports Raiffeisen Debt Signaling Distress as Currency Woes Mount Raiffeisen Bank International AG (RBI)’s junior bonds slumped to levels typically viewed as distressed after gains in the Swiss franc added to woes triggered by the tumble in the Russian and Ukrainian currencies. Subordinated bonds sold by the Vienna-based lender slid as low as 63.4 cents on the euro, with yields of as much as 10 percent, after trading at 91 cents at the start of December, according to data compiled by Bloomberg
More here: Race for Negative 30-Year Yields Underway, Swiss In Front With 0.295%; Futility of Draghi’s Upcoming QE
Excerpt from: "Endgame for Central Bankers" Says Saxo Bank CIO
Because of increase strength in the Krone and speculation Denmark would abandon its peg, Danish central Bank Slashes Rates to -20bps . The central bank in Copenhagen lowered its deposit rate to minus 0.2 percent from minus 0.05 percent, according to a statement today. The lending rate was cut to 0.05 percent from 0.2 percent.
Reuters reported Sunday afternoon that Ukrainian troops retake most of Donetsk airport from rebels .