COUNTRY •
SWITZERLAND
Last Update: 2 Oct 2023 8:15 GMT+0
The Switzerland 10Y Government Bond has a 1.085% yield.
10 Years vs 2 Years bond spread is -13.9 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 1.75% (last modification in June 2023).
The Switzerland credit rating is AAA, according to Standard & Poor's agency.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 1 month | 1.570% | -16.0 bp | +26.0 bp | 02 Oct | |||||
| 2 months | 1.650% | +5.0 bp | +28.0 bp | 02 Oct | |||||
| 3 months | 1.580% | -2.0 bp | +22.0 bp | 02 Oct | |||||
| 6 months | 1.760% | +6.0 bp | +36.0 bp | 02 Oct | |||||
| 1 year | 1.840% | -1.0 bp | +19.0 bp | 98.19 | +0.01 % | -0.19 % | 02 Oct | ||
| 2 years | 1.224% | +12.3 bp | +1.8 bp | 97.60 | -0.24 % | -0.03 % | 02 Oct | ||
| 3 years | 1.138% | +1.9 bp | -14.0 bp | 96.66 | -0.06 % | +0.42 % | 02 Oct | ||
| 4 years | 1.125% | +3.0 bp | -12.5 bp | 95.62 | -0.13 % | +0.49 % | 02 Oct | ||
| 5 years | 1.061% | +8.3 bp | -20.7 bp | 94.86 | -0.41 % | +1.03 % | 02 Oct | ||
| 6 years | 1.049% | +6.5 bp | -18.3 bp | 93.93 | -0.38 % | +1.09 % | 02 Oct | ||
| 7 years | 1.040% | -8.0 bp | -13.4 bp | 93.01 | +0.55 % | +0.93 % | 02 Oct | ||
| 8 years | 1.054% | +8.2 bp | -48.8 bp | 91.95 | -0.65 % | +3.92 % | 02 Oct | ||
| 9 years | 1.074% | +10.0 bp | -15.8 bp | 90.83 | -0.89 % | +1.41 % | 02 Oct | ||
| 10 years | 1.085% | +12.4 bp | -46.9 bp | 89.77 | -1.22 % | +4.74 % | 02 Oct | ||
| 15 years | 1.107% | +10.6 bp | -45.9 bp | 84.78 | -1.56 % | +7.03 % | 02 Oct | ||
| 20 years | 1.115% | +15.3 bp | -15.3 bp | 80.11 | -2.98 % | +3.08 % | 02 Oct | ||
| 30 years | 1.078% | +13.5 bp | -14.3 bp | 72.49 | -3.94 % | +4.33 % | 02 Oct | ||
| 40 years | 0.976% | +13.3 bp | -9.8 bp | 67.81 | -5.13 % | +3.96 % | 02 Oct | ||
Last Update: 2 Oct 2023 8:15 GMT+0
Switzerland Yield Curve Analysis
Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases.
For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive.
If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
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| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (1.75%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 1.078% | -67.2 bp | ||||||
| 10 years | 1.085% | -66.5 bp | ||||||
| 5 years | 1.061% | -68.9 bp | ||||||
| 2 years | 1.224% | -52.6 bp | ||||||
| 1 year | 1.840% | 9.0 bp | ||||||
| 3 months | 1.580% | -17.0 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | -61.6 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -16.3 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -13.9 bp | Yield Curve is inverted in Long-Term vs Short-Term Maturities |
Readings that may interest you
Switzerland Credit Ratings
A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation).
For a deeper analysis of credit ratings, click here
Switzerland Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
AAA
|
- |
| Moody's Investors Service |
Aaa
|
- |
| Fitch Ratings |
AAA
|
- |
| DBRS |
AAA
|
- |
Switzerland Interest Rates
A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
| Interest Rates | Value | |
|---|---|---|
| Central Bank Rate | 1.75% |
Switzerland 10Y Bond Yield Spread
The Switzerland 10Y Government Bond has a 1.085% yield. Click on Spread value for the historical serie.
A positive spread, marked by
, means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.
Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
| Switzerland 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 32.3 bp | -1.7 bp | -90.2 bp | Compare | |
| China 10Y | -162.1 bp | +4.1 bp | -30.1 bp | Compare | |
| Germany 10Y | -179.1 bp | -21.2 bp | -105.9 bp | Compare | |
| France 10Y | -235.4 bp | -23.9 bp | -112.4 bp | Compare | |
| Spain 10Y | -287.3 bp | -27.0 bp | -113.2 bp | Compare | |
| Canada 10Y | -298.4 bp | -34.7 bp | -162.1 bp | Compare | |
| United Kingdom 10Y | -339.5 bp | +4.6 bp | -148.4 bp | Compare | |
| Australia 10Y | -342.7 bp | -34.6 bp | -174.4 bp | Compare | |
| United States 10Y | -353.5 bp | -31.5 bp | -161.6 bp | Compare | |
| Italy 10Y | -369.8 bp | -42.8 bp | -117.5 bp | Compare | |
| India 10Y | -612.5 bp | +8.9 bp | -36.4 bp | Compare | |
| Brazil 10Y | -1062.6 bp | -43.5 bp | +72.0 bp | Compare | |
| Russia 10Y | -1192.5 bp | -81.6 bp | -317.9 bp | Compare |
Switzerland Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on
for a forecast of the yield.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 40 years | 0.976% | 67.81 | 100.79 | 166.76 | 232.73 | 298.70 | 364.67 | ||
| 30 years | 1.078% | 72.49 | 98.01 | 149.04 | 200.07 | 251.11 | 302.14 | ||
| 20 years | 1.115% | 80.11 | 97.95 | 133.63 | 169.30 | 204.98 | 240.66 | ||
| 15 years | 1.107% | 84.78 | 98.53 | 126.03 | 153.53 | 181.03 | 208.54 | ||
| 10 years | 1.085% | 89.77 | 99.20 | 118.06 | 136.91 | 155.77 | 174.62 | ||
| 9 years | 1.074% | 90.83 | 99.37 | 116.44 | 133.51 | 150.58 | 167.65 | ||
| 8 years | 1.054% | 91.95 | 99.59 | 114.85 | 130.12 | 145.39 | 160.66 | ||
| 7 years | 1.040% | 93.01 | 99.73 | 113.17 | 126.60 | 140.04 | 153.47 | ||
| 6 years | 1.049% | 93.93 | 99.72 | 111.29 | 122.86 | 134.43 | 146.00 | ||
| 5 years | 1.061% | 94.86 | 99.70 | 109.39 | 119.08 | 128.77 | 138.46 | ||
| 4 years | 1.125% | 95.62 | 99.51 | 107.29 | 115.07 | 122.85 | 130.63 | ||
| 3 years | 1.138% | 96.66 | 99.60 | 105.46 | 111.33 | 117.19 | 123.06 | ||
| 2 years | 1.224% | 97.60 | 99.56 | 103.49 | 107.42 | 111.34 | 115.27 | ||
| 1 year | 1.840% | 98.19 | 99.18 | 101.14 | 103.10 | 105.07 | 107.03 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||