Swiss Bond Yield Rises to Highest Since March 2025
2026-09-14 15:08
By
Larissa Caser
1 min. read
Switzerland's 10-year government bond yield rose past 0.6%, reaching its highest level since March of 2025, as global oil prices continue to rise amid disruptions to the energy supply chain, which further lift concerns over inflation and its impact on monetary policy across major economies.
Domestically, Swiss inflation doubled to 0.8% in August, although remaining well within the SNB’s target and highlighting the limited pass through of higher global oil prices.
Electricity prices are also set to decline around 4% next year, according to the Swiss Federal Electricity Commission, as local utility companies pass on lower wholesale costs to consumers.
On the monetary policy front, a Swiss Bankers Association survey showed that all bankers expect the SNB to keep its policy rate at 0% by year-end.
Markets anticipated the first rate hike in June 2027, while most economists expect the first hike in early 2028.