Actual
0.4870
Daily Change
0.02%
Monthly
-0.04%
Yearly
0.37%
Q4 Forecast
0.4396
Switzerland 10-Year Government Bond Yield - Summary

The Swiss 10-year sovereign yield held near 0.5%, remaining close to a seven-week low, as a rebound in oil prices and stronger-than-expected inflation pressured yields. Swiss inflation climbed to a nearly three-year high of 1.5% in October, driven by a weaker franc and higher energy prices, although its share in the Swiss inflation basket is small compared with its European peers. While still within the SNB’s 0%-2% target range, inflation moved closer to its upper limit. The SNB kept its policy rate at 0%, with Chair Schlegel signalling no immediate need for a change. However, rising inflation has strengthened market expectations of a rate hike in early 2027, although most economists anticipate a move only in late 2027 as core inflation remained steady at 0.5%. High oil prices are also fuelling expectations of monetary tightening elsewhere, adding pressure to Swiss yields. In contrast, safe-haven demand amid Europe’s uncertain fiscal outlook is providing some support.

Switzerland 10-Year Government Bond Yield - Stats

The yield on Switzerland 10Y Bond Yield rose to 0.49% on November 3, 2026, marking a 0.02 percentage points increase from the previous session. Over the past month, the yield has fallen by 0.04 points, though it remains 0.37 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 November 3 of 2026.

Switzerland 10-Year Government Bond Yield - Forecast

The yield on Switzerland 10Y Bond Yield rose to 0.49% on November 3, 2026, marking a 0.02 percentage points increase from the previous session. Over the past month, the yield has fallen by 0.04 points, though it remains 0.37 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 0.44 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 0.30 in 12 months time.



Bonds Yield Day Month Year Date
Switzerland 10Y 0.49 0.019% -0.040% 0.369% Nov/03
Switzerland 2Y 0.23 0.016% 0.049% 0.388% Nov/03



Related Last Previous Unit Reference
Switzerland Inflation Rate 1.50 1.00 percent Oct 2026
Switzerland Interest Rate 0.00 0.00 percent Oct 2026
Switzerland Unemployment Rate 3.00 3.00 percent Sep 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
0.49 0.47 5.63 -1.17 1994 - 2026 percent Daily

News Stream
Swiss Bond Yields Stay Near 7-Week Low
The Swiss 10-year sovereign yield held near 0.5%, remaining close to a seven-week low, as a rebound in oil prices and stronger-than-expected inflation pressured yields. Swiss inflation climbed to a nearly three-year high of 1.5% in October, driven by a weaker franc and higher energy prices, although its share in the Swiss inflation basket is small compared with its European peers. While still within the SNB’s 0%-2% target range, inflation moved closer to its upper limit. The SNB kept its policy rate at 0%, with Chair Schlegel signalling no immediate need for a change. However, rising inflation has strengthened market expectations of a rate hike in early 2027, although most economists anticipate a move only in late 2027 as core inflation remained steady at 0.5%. High oil prices are also fuelling expectations of monetary tightening elsewhere, adding pressure to Swiss yields. In contrast, safe-haven demand amid Europe’s uncertain fiscal outlook is providing some support.
2026-11-03
Swiss Bond Yields Hold Near 7-Week Low
The Swiss 10-year sovereign yield held near 0.5%, close to its lowest level in seven weeks, supported by safe-haven demand amid geopolitical uncertainty. As the US-Iran war enters its ninth month and the Russia-Ukraine war continues, rising energy and defense spending has increased fiscal pressures across Europe, particularly in France. Switzerland, by contrast, has one of Europe's lowest public debt levels. Officials are also seeking to strengthen its safe-haven status by tightening rules for too-big-to-fail banks and reducing bailout risks, although discussions remain inconclusive. Meanwhile, SNB minutes indicated that inflationary pressures had not spilled over into the broader economy. The SNB kept its policy rate at 0%, with Chair Schlegel seeing no immediate need for a change. While economists expect rates to hold through 2027, markets are pricing in a hike in early 2027. Still, elevated oil prices fuel bets on monetary tightening elsewhere and pressure Swiss yields.
2026-10-30
Swiss Bond Yield Retreats to One-Month Low
The yield on the Swiss 10-year government bond fell to 0.5%, its lowest level in over a month, supported by safe-haven demand amid concerns over Europe's fiscal outlook. In contrast, Switzerland has one of the lowest levels of public debt in Europe, with its 2026 budget seen remaining in surplus, aided by a sharp rise in corporate tax revenue that funded a temporary boost to defense spending. Adding to the country's stability, SNB meeting minutes showed policymakers saw inflationary pressures with no signs of spillover effects into the economy, attributing the rise in inflation to higher oil prices and the franc's depreciation. The SNB kept its policy rate at 0%, with Chair Schlegel stating no adjustment was currently needed as inflation remains stable. While economists expect rates to hold through 2027, markets are pricing in a hike in early 2027. Still, elevated oil prices fuel bets on further monetary tightening elsewhere, providing an upward pressure on Swiss yields.
2026-10-22