Originally Posted by Totoro
Isn't that picture dominated by very few companies like Nestle and Novartis?
Switzerland is a small country, so yeah, there's not going to be many issuers.
Nevertheless, previous comments in this thread argued that negative central bank rates would raise other interest rates. And the evidence seems to be that government securities, LIBOR, corporates, all went negative along with the central banks.
Perhaps banks tried to lift lending rates in the private market, but that's got to be hard to sustain when the capital markets are all going in the other direction.