加元/瑞郎 (CADCHF) 加自选

受中东紧张局势升级以及瑞士国家银行和美联储的关键政策决定的推动，10年期瑞士政府债券收益率升至0.3%。随着以色列和伊朗之间的冲突恶化，地缘政治风险加剧，美国总统特朗普警告称，美国可能会支持以色列对德黑兰的空袭。在货币方面，瑞士国家银行将政策利率降至0%，这是连续第六次降息。此举是在通胀下降、法郎升值压力以及与美国拟议关税相关的全球不确定性日益增加的情况下做出的。瑞士5月通胀率四年来首次转为负值，低于瑞士央行0-2%的目标区间，增加了恢复负利率的可能性。与此同时，美联储保持利率稳定，但暗示今年晚些时候可能会降息。

The yield on the 10-year Swiss government bond rose to 0.3%, driven by escalating Middle East tensions and key policy decisions from both the Swiss National Bank and the US Federal Reserve. Geopolitical risks intensified as the conflict between Israel and Iran worsened, with US President Trump warning that the US could potentially support Israeli airstrikes on Tehran. On the monetary front, the Swiss National Bank lowered its policy rate to 0%, marking a sixth consecutive cut. The move comes amid declining inflation, appreciation pressure on the franc, and growing global uncertainty tied to proposed US tariffs. Swiss inflation turned negative in May for the first time in four years, falling below the SNB’s 0–2% target range and raising the prospect of a return to negative interest rates. Meanwhile, the US Federal Reserve held interest rates steady but signaled that cuts could be likely later this year.