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GC Asia
Frustrated Swissie market surveys European kindergarten
The Swiss bond market is due a readjustment after the UK’s vote to leave the European Union on Thursday, market players said.
Swiss francs rallied against sterling in the aftermath of the vote on Friday morning, and bankers said that, in the context of the rise, credit ratings need to be reassessed and spreads on Swiss franc-denominated debt should widen before investors will be willing to play.
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