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Daily Archives: 07/09/2026

A stunning aerial view of Lucerne, Switzerland with a Swiss flag and scenic lake backdrop.

Legal Analysis of the Swiss Federal Supreme Court (ATF) Case Law on Foreign Trusts

www.steelldy-indices.com The Swiss Federal Tribunal's jurisprudence on foreign trusts evolved in two phases. Pre-2007, trusts were analogized to fiduciary contracts or "organized assets" under old law, offering limited recognition with high reclassification risk. Post-ratification of the Hague Convention (2007), validly constituted foreign trusts are automatically recognized, ensuring asset separation and protection from the trustee's creditors.…

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ECB’s TPI Backstop Anchors Eurozone Spreads, OAT-Bund Capped at 85-90 bp in 2026

The European Central Bank (@ecb ) exerts a dominant and stabilizing influence on eurozone sovereign spreads in 2026 through three main channels: the Transmission Protection Instrument (TPI) anti-fragmentation backstop (activated since 2022), the interest rate policy (25 bp hike on June 11, 2026: deposit rate at 2.25%, MRO at 2.40%), ongoing quantitative tightening (QT) and…

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French Debt Crosses the Rubicon: 30-Year OAT Yield Hits Phase Transition at 4.6926%

https://www.steelldy-indices.com The morning fixing of the 30-year French OAT yield at 4.6926% marks a "phase transition" market event. Cross-referenced with our proprietary risk engines, this level signals a critical threshold for French debt sustainability, with non-negligible probability of a self-fulfilling confidence crisis. Key findings: the 5-year implied probability of a French fiscal accident jumped from…

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