Swiss 10-Year Bond Yield Holds Around 2-Month High

2025-12-11 11:13 By Luisa Carvalho 1 min. read

The Swiss 10-year government bond yield was little changed at 0.28%, staying near its highest level since October 8, as investors digested the latest policy decision by the Swiss National Bank.

The central bank kept its policy rate unchanged at 0%, as expected, following a pause at its September meeting after six consecutive cuts.

The SNB said that while recent inflation has slightly undershot expectations, its primary focus remains on the medium-term outlook, which is largely unchanged.

Inflation is expected to rise slightly in the coming quarters.

The economic outlook also improved slightly, particularly after the Swiss government secured an improved trade deal with the US.

SNB Chairman Martin Schlegel reiterated that the bar for negative rates is higher, but the central bank remains ready to use them if necessary.

Elsewhere, the US Federal Reserve delivered a widely expected rate cut and signaled that it may leave rates unchanged in the coming months.



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