The Swiss franc dropped the most ever against the euro after the central bank imposed a ceiling on the currency's exchange rate and said it will defend the target with the "utmost determination."

Treasuries have returned 8.1 percent in 2011, heading for their best year since 2008, according to a Bank of America Merrill Lynch index. An index of government bonds around the world has increased 4.8 percent in 2011.

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