Domestic issuers shine in volatile Swiss market despite negative sentiment
Domestic issuers took centre stage this week in the Swiss franc market despite tough market conditions. Negative market sentiment and volatile mid-swap rates slowed down what was already scheduled to be a quiet week before Easter.
"The widening spreads and decreasing mid-swap rates are worsening an already illiquid market ahead of the holidays in which market participants are not willing to take positions," said a Zurich based banker.
Standard & Poors did not help matters on Monday when it put the USs long term triple-A
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