10年期瑞士政府债券收益率约为0.40%，接近2月中旬以来的最低水平，投资者继续评估贸易战对全球经济前景的影响。瑞士国家银行（SNB）主席马丁·施莱格尔（Martin Schlegel）警告称，瑞士可能面临经济放缓，并指出“增长可能低于此前的预期”。3月，瑞士国家银行将2025年的GDP增长预测修订为1%至1.5%，低于1.8%的历史平均水平。施莱格尔还表示，如有必要，央行将调整其货币政策，调整利率，并在必要时进行外汇干预。尽管瑞士央行在过去两年中实现了0-2%的通胀目标，但最近的低读数引发了人们对通胀可能降至零以下的担忧，而最近法郎的走强可能会迫使央行进一步降息或进行干预。
The yield on the 10-year Swiss government bond was around 0.40%, holding close to its lowest since mid-February, as investors continued to gauge the impact of the trade war on the global economic outlook. Swiss National Bank (SNB) Chairman Martin Schlegel warned that Switzerland could face an economic slowdown, noting that “growth is likely to be lower than previously anticipated.” In March, the SNB had revised its GDP growth forecast for 2025 to between 1% and 1.5%, below the historical average of 1.8%. Schlegel also said that the central bank would adjust its monetary policy if necessary, adjusting interest rates and carrying out foreign currency interventions if needed. Although the SNB has met its 0-2% inflation target for the past two years, recent low readings have raised concerns that inflation could fall below zero, while the recent strength of the franc may force the central bank to cut rates further or intervene.
