Swiss Government Bond Yields (CHF)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/chf-government
Swiss Government Bond Yields (CHF) as of 2026-07-27: 10Y at 0.51%, fitted curve 12M–40Y (0.11%–0.68%), 40 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 12M | 0.11% | — |
| 18M | 0.13% | 0.19% |
| 2Y | 0.16% | 0.25% |
| 3Y | 0.22% | 0.34% |
| 4Y | 0.28% | 0.45% |
| 5Y | 0.33% | 0.54% |
| 6Y | 0.38% | 0.62% |
| 7Y | 0.42% | 0.68% |
| 8Y | 0.46% | 0.72% |
| 9Y | 0.49% | 0.74% |
| 10Y | 0.51% | 0.75% |
| 15Y | 0.61% | 0.81% |
| 20Y | 0.68% | 0.86% |
| 25Y | 0.60% | 0.29% |
| 30Y | 0.57% | 0.42% |
| 40Y | 0.54% | 0.47% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 0.16% and the 10-year 0.51%, a 10Y−2Y spread of +35 bp — positively sloped — as of 2026-07-27. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-05-06 | 4m ago2026-03-30 | 5m ago2026-02-27 |
|---|---|---|---|---|---|---|
| 2Y | 0.16% | 0.04% | 0.13% | 0.16% | 0.17% | -0.10% |
| 10Y | 0.51% | 0.30% | 0.51% | 0.48% | 0.43% | 0.28% |
| 10Y − 2Y | +35 bp | +26 bp | +38 bp | +32 bp | +26 bp | +38 bp |
Yields by rating group
The same curve split by credit quality: 44 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 0.60%, A+ to BBB- 1.22%.
Bonds in this curve
A selection of 30 of the 44 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Switzerland | 0.06% | 2027-06-27 | 3.25% | CH0031835561 |
| Switzerland | 0.16% | 2028-04-08 | 4.00% | CH0008680370 |
| Slovakia | 0.65% | 2028-05-10 | 1.52% | CH1344316695 |
| Slovakia | 0.76% | 2029-05-28 | 0.69% | CH1552014263 |
| Poland | 0.82% | 2029-06-05 | 0.83% | CH1564488596 |
| Switzerland | 0.18% | 2029-06-22 | 0.00% | CH0224397346 |
| Switzerland | 0.36% | 2030-05-27 | 0.50% | CH0224397171 |
| Switzerland | 0.41% | 2031-06-22 | 2.25% | CH0127181029 |
| Slovakia | 1.12% | 2032-05-28 | 1.05% | CH1552014271 |
| Switzerland | 0.38% | 2032-06-27 | 0.50% | CH0344958688 |
| Austria | 0.71% | 2032-09-22 | 0.52% | CH1450810226 |
| Switzerland | 0.39% | 2033-04-08 | 3.50% | CH0015803239 |
| Poland | 1.31% | 2033-06-03 | 1.38% | CH1564488604 |
| Latvia | 1.22% | 2033-07-28 | 1.09% | CH1580409147 |
| Slovakia | 1.35% | 2034-05-10 | 1.92% | CH1344316703 |
| Switzerland | 0.42% | 2034-06-26 | 0.00% | CH0440081393 |
| Austria | 0.94% | 2035-02-26 | 0.68% | CH1418473448 |
| Switzerland | 0.47% | 2035-06-23 | 0.25% | CH0557778310 |
| Uruguay | 1.65% | 2035-07-23 | 1.62% | CH1454185955 |
| Slovakia | 1.48% | 2036-05-28 | 1.41% | CH1552014289 |
| Poland | 1.56% | 2036-06-05 | 1.64% | CH1564488612 |
| Switzerland | 0.46% | 2037-06-27 | 1.25% | CH0127181193 |
| Switzerland | 0.60% | 2040-05-28 | 0.50% | CH0557779235 |
| Austria | 1.17% | 2041-05-20 | 1.05% | CH1523562028 |
| Switzerland | 0.67% | 2047-05-22 | 0.88% | CH0557779003 |
| Switzerland | 0.66% | 2049-01-06 | 4.00% | CH0009755197 |
| Austria | 1.30% | 2051-03-17 | 1.09% | CH1538712303 |
| Switzerland | 0.48% | 2055-05-24 | 0.50% | CH0344958472 |
| Switzerland | 0.63% | 2058-05-30 | 0.50% | CH0224397338 |
| Switzerland | 0.54% | 2064-06-25 | 2.00% | CH0224397007 |