Swiss government bond

The greater the expected yield volatility, the greater the interest rate risk for a given duration and current value of a position. In the case of non-investment grade bonds, while their durations are less than current coupon Treasuries of the same maturity, the yield volatility is greater than that of current coupon Treasuries. For the 10-year Swiss government bond, while the duration is greater than for a current coupon 10-year US Treasury note, the yield volatility is considerably less than that of 10-year US Treasury notes. 

In the late nineteenth century, Switzerland was a centre of finance quite out of proportion to its surface area or the number of its citizens. In the Basle region, which was crucial for the development of a Swiss synthetic dye industry, the relevant capital was in the hands of the merchant class and the manufacturers who constituted the town aristocracy. In addition to real estate and foreign government bonds, investment in the textile industry became much favoured. 

Figure 8.1. Conserved positions are often of functional importance. Alignment of trypsin proteins of mouse (SWISS-PROT P07146) and crayfish (SWISS-PROT P00765). Identical residues are underlined. Indicated above the alignments are three disulfide bonds (—s-s—), with participating cysteine residues conserved, amino acids side chains involved in the charge relay system (asterisk), and active side residue governing substrate specificity (diamond).

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