Press releases from the EFV

The Swiss Confederation issued two bonds by auction on 09.09.2026: 0.875%, maturity 24.06.2041 (reopening) and 0.5%, maturity 30.05.2058 (reopening). The issuance volume (excluding own holdings) amounts to a total of 368.630 million francs.

The Swiss Confederation is offering two bonds on a public tender system on 09.09.2026: 0.875%, maturity 24.06.2041 (reopening) and 0.5%, maturity 30.05.2058 (reopening).

The fertility rate in Switzerland is at its lowest level on record. Persistently low fertility rates are slowing the growth of the domestic working-age population and speeding up the ageing of the population. As a result, they also pose challenges for public finances.The FFA's new working paper analyses the causes and consequences of persistently low fertility rates, and identifies potential approaches for forward-looking economic and fiscal policy.“AFF Working Paper No.30 Low fertility rates: A fiscal policy perspective” (available in German only; summaries in French, Italian and English).

The general government, comprising the Confederation, cantons, municipalities and social security schemes, is expected to generate a financing surplus of around CHF 4 billion in 2025. The general government's gross debt, as defined by the International Monetary Fund (IMF), is expected to rise by around CHF 5.4 billion to CHF 353.2 billion in 2025 (40.7% of GDP).This is shown in the latest financial statistics figures, which are available on the website of the Federal Finance Administration:Main aggregatesDetailed FS data (financial statistics, for national comparability)Detailed GFS data (Government Finance Statistics, based on the IMF standard)International comparison

The Swiss Confederation issued two bonds by auction on 08.07.2026: 2.25%, maturity 22.06.2031 (reopening) and 2.50%, maturity 08.03.2036 (reopening). The issuance volume (excluding own holdings) amounts to a total of 359.985 million francs.

The Swiss Confederation is offering two bonds on a public tender system on 08.07.2026: 2.25%, maturity 22.06.2031 (reopening) and 2.50%, maturity 08.03.2036 (reopening).

The Swiss Confederation issued a bond by auction on 10.06.2026: 0.875%, maturity 24.06.2041 (new bond. The issuance volume (excluding own holdings) amounts to a total of 415.170 million francs.

The Swiss Confederation is offering a bond on a public tender system on 10.06.2026: 0.875%, maturity 24.06.2041 (new bond).

The Swiss Confederation issued two bonds by auction on 13.05.2026: 1.25%, maturity 27.06.2037 (reopening) and 0.50%, maturity 24.05.2055 (reopening). The issuance volume (excluding own holdings) amounts to a total of 450.000 million francs.

The Swiss Confederation is offering two bonds on a public tender system on 13.05.2026: 1.25%, maturity 27.06.2037 (reopening) and 0.50%, maturity 24.05.2055 (reopening).

The Swiss Confederation issued two bonds by auction on 08.04.2026: 0.50%, maturity 27.05.2030 (reopening) and 1.50%, maturity 26.10.2038 (reopening). The issuance volume (excluding own holdings) amounts to a total of 489.400 million francs.

The Swiss Confederation is offering two bonds on a public tender system on 08.04.2026: 0.50%, maturity 27.05.2030 (reopening) and 1.50%, maturity 26.10.2038 (reopening).