Stable rates bring Swiss flurry

By Frank Jackman
11 Mar 2021

A flurry of Swiss franc issuance dusted the market this week, as domestic and foreign borrowers entered a more settled market.

“Rates have relaxed,” said one Zurich-based banker. “Even though there’s slight intra-day volatility, the market has settled at a level where things only move 3bp-5bp.

“It’s tricky to issue when rates rise quickly, but if they drop before stabilising for a week, investors consider that the new equilibrium and ...

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