Swiss Bond Yield Eases from Multi-Month High
2026-09-15 14:32
By
Larissa Caser
1 min. read
Switzerland’s 10-year government bond yield eased to around 0.58% after reaching its highest level since March 2026, as the OECD raised its economic growth forecast.
The OECD stressed the need for tax and pension reforms, as the country’s aging population and growing geopolitical challenges are expected to create long-term spending pressures.
Still, the organization raised its economic growth forecast to 2% from 1.1%, following a strong performance in the second quarter that reached 1.5%, its highest level in five years, driven by a weaker Swiss franc that supported exporters.
Safe-haven demand also provided support amid rising oil prices and heightened economic uncertainty.
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, as the impact of higher energy prices remains limited.
Markets anticipate the first rate hike in June 2027, while most economists expect the first hike in early 2028.