In short: "I started shorting Swiss stocks." Sovereign long ends are breaking everywhere (the JGB ten-year "finally got a three handle"), and Switzerland's is the low yield at 0.58%: "Why not 1.5%? Why can't it double twice?"
Government bond yields are rising around the world as heavily indebted countries struggle to borrow long-term; Japan's 10-year just hit 3%. Switzerland still pays only about 0.58% on its 10-year bond. Taylor asks why that can't double twice, to 1.5% or more. If it does, Swiss stocks, many of them steady low-growth companies valued like bonds, get repriced lower. He has started shorting them.
27:20All of them. I'm like, it's happening now. It's happening, guys. Show the Japanese ten-year, I was tweeting it this morning actually, the, finally got a three handle there. Oh, it did. Yeah, I said here's one for you, this is tangential and related, but we got to get back to the discussion, but I started shorting Swiss stocks. Whoa. Because that's the low yield. Actually, it's not Japanese. Japanese three percent ten-year yield. The ten-year in Switzerland is the low yield, 0.
Nothing matches this filter.
Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.