Swiss overnight interest rates have gone negative. It now costs you 7 bp to be long Swiss francs a day, in addition to what it costs you to fund a short EUR position.
Short-covering would be the natural result…
Swiss overnight interest rates have gone negative. It now costs you 7 bp to be long Swiss francs a day, in addition to what it costs you to fund a short EUR position.
Short-covering would be the natural result…
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