Press releases

The Federal Finance Administration (FFA) plans to issue bonds with a face value of CHF 4.5 billion in 2026. Taking account of bonds maturing in 2026, the volume of Confederation bonds outstanding will increase by CHF 1 billion overall. The volume of outstanding money market debt register claims will be kept in a range between CHF 6 billion and CHF 14 billion. Bond auctions take place monthly, except in August, while money market debt register claims are auctioned on a weekly basis. Auctions will now last only 30 minutes, instead of the previous 1.5 hours.

The Swiss Confederation issued two bonds by auction on 12.11.2025: 1.25%, maturity 27.06.2037 (reopening) and 0.875%, maturity 22.05.2047 (reopening). The issuance volume (excluding own holdings) amounts to a total of 378.721 million francs.

The Swiss Confederation is offering two bonds on a public tender system on 12.11.2025: 1.25%, maturity 27.06.2037 (reopening) and 0.875%, maturity 22.05.2047 (reopening).

The Federal Council took note of the current end-September extrapolation on 29 October 2025. The Confederation is reckoning on a financing deficit of CHF 0.6 billion for this year. The expected deficit is thus likely to be CHF 0.4 billion higher than forecast in the June extrapolation. However, the deficit is smaller than originally budgeted.

The latest forecasts of the Federal Finance Administration (FFA) through to 2029 show a mixed picture for Switzerland's public finances. The Confederation's financial situation remains tight and is largely dependent on the implementation of the planned relief package 27. The cantons are likely to continue to generate surpluses thanks to stable receipts overall, while the municipalities are set to post small structural deficits. There is considerable uncertainty for the social security funds, especially in connection with the financing of the 13th monthly AHV pension payment. Counter-financing for this has been planned from 2027 onward, but it has not yet been decided.

The Swiss Confederation issued two bonds by auction on 08.10.2025: 0.25%, maturity 23.06.2035 (reopening) and 0.50%, maturity 30.05.2058 (reopening). The issuance volume (excluding own holdings) amounts to a total of 340.890 million francs.

Jean-Luc Morchetti will take over the management of the Central Compensation Office (CCO) in Geneva on 1 February 2026. He will succeed Adrien Dupraz, who has headed the CCO since 2020.

The Swiss Confederation is offering two bonds on a public tender system on 08.10.2025: 0.25%, maturity 23.06.2035 (reopening) and 0.50%, maturity 30.05.2058 (reopening).

The current revision of the system of national accounts (SNA) also involves the data and time series on the public finances of the Confederation, cantons, muncipalities and social security funds (general government sector of the SNA). The Federal Finance Administration has revised the national and international indicators accordingly.

Optional auction date will be maintained.

The Swiss Confederation issued two bonds by auction on 10.09.2025: 0.50%, maturity 27.06.2032 (reopening) and 0.50%, maturity 28.05.2040 (reopening). The issuance volume (excluding own holdings) amounts to a total of 356.805 million francs.

The Swiss Confederation is offering two bonds on a public tender system on 10.09.2025: 0.50%, maturity 27.06.2032 (reopening) and 0.50%, maturity 28.05.2040 (reopening).