Actual
0.3562
Daily Change
0.0191
Monthly
-0.02%
Yearly
0.09%
Q3 Forecast
0.3314
Switzerland 10-Year Government Bond Yield - Summary

Switzerland's 10-year government bond yield fell below 0.38%, approaching a one-month low as easing inflation concerns outweighed persistent geopolitical uncertainty in the Middle East. Hopes of a US-Iran peace deal pushed oil prices lower, reducing inflation concerns. Meanwhile, Swiss inflation eased to 0.4% in July from 0.5%, its lowest level in four months, highlighting the limited pass-through from higher energy prices linked to geopolitical tensions. The reading contrasted with the Swiss National Bank's expectation of a modest near-term pickup in inflation, following its decision to hold its policy rate at 0%. The SNB is expected to leave borrowing costs unchanged throughout the year, with further cuts remaining a contingency rather than the base case, citing no severe damage to Swiss banks. While most economists see the first SNB rate hike in early 2028, currency markets continue to price in an increase as early as March 2027.

Switzerland 10-Year Government Bond Yield - Stats

The yield on Switzerland 10Y Bond Yield rose to 0.36% on August 7, 2026, marking a 0.02 percentage points increase from the previous session. Over the past month, the yield has fallen by 0.02 points, though it remains 0.09 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Switzerland 10-Year Government Bond Yield reached an all time high of 5.63 in September of 1994. Switzerland 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on August 9 of 2026.

Switzerland 10-Year Government Bond Yield - Forecast

The yield on Switzerland 10Y Bond Yield rose to 0.36% on August 7, 2026, marking a 0.02 percentage points increase from the previous session. Over the past month, the yield has fallen by 0.02 points, though it remains 0.09 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The Switzerland 10-Year Government Bond Yield is expected to trade at 0.33 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.22 in 12 months time.



Bonds Yield Day Month Year Date
Switzerland 10Y 0.36 0.019% -0.020% 0.090% Aug/07
Switzerland 2Y 0.07 0.008% -0.003% 0.253% Aug/07



Related Last Previous Unit Reference
Switzerland Inflation Rate 0.40 0.50 percent Jul 2026
Switzerland Interest Rate 0.00 0.00 percent Jun 2026
Switzerland Unemployment Rate 3.00 2.90 percent Jul 2026

Switzerland 10-Year Government Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
0.36 0.34 5.63 -1.17 1994 - 2026 percent Daily

News Stream
Swiss 10-Year Bond Yield at One-Month Low
Switzerland's 10-year government bond yield fell below 0.38%, approaching a one-month low as easing inflation concerns outweighed persistent geopolitical uncertainty in the Middle East. Hopes of a US-Iran peace deal pushed oil prices lower, reducing inflation concerns. Meanwhile, Swiss inflation eased to 0.4% in July from 0.5%, its lowest level in four months, highlighting the limited pass-through from higher energy prices linked to geopolitical tensions. The reading contrasted with the Swiss National Bank's expectation of a modest near-term pickup in inflation, following its decision to hold its policy rate at 0%. The SNB is expected to leave borrowing costs unchanged throughout the year, with further cuts remaining a contingency rather than the base case, citing no severe damage to Swiss banks. While most economists see the first SNB rate hike in early 2028, currency markets continue to price in an increase as early as March 2027.
2026-08-03
Swiss 10-Year Bond Yield Rebounds Above 0.4%
Switzerland's 10-year government bond yield hovered near 0.4%, tracking global energy prices as renewed hostilities in the Middle East dampened hopes for a peace agreement and fueled inflation concerns. The Swiss National Bank is expected to leave its policy rate unchanged at 0% throughout the year, with further cuts remaining a contingency rather than the base case, citing no severe damage to Swiss banks. Swiss investor sentiment improved markedly in July, returning to positive territory for the first time since the conflict began. While most economists expect the first SNB rate hike only in early 2028, currency markets are pricing in an increase by March next year. Swiss inflation eased to 0.5% in June and is projected to peak at just 0.8%, remaining comfortably within the SNB's 0%-2% target range. Meanwhile, the Trump administration imposed new tariffs on Swiss imports, although they remained within the previously announced 12.5% ceiling.
2026-07-29
Swiss Bond Yield Falls on Oil Decline
Switzerland's 10-year government bond yield fell below 0.4%, tracking declines in global bond yields and oil prices after the US and Iran paused hostilities, raising hopes for a diplomatic resolution that could de-escalate the conflict and restore shipping through the Strait of Hormuz. Meanwhile, the Trump administration imposed new tariffs on Swiss imports while keeping them within its previously announced 12.5% ceiling. On the monetary policy front, the Swiss National Bank is expected to keep its policy rate at 0% through 2027, with negative rates remaining a contingency rather than the base case. The SNB left rates unchanged in June, and while most economists do not expect the first rate hike until early 2028, currency markets are pricing in an increase by March next year. Swiss inflation slowed to 0.5% in June and is forecast to peak at just 0.8%, remaining comfortably within the SNB's 0%-2% target range.
2026-07-27