Market Minute – Rates and bonds February 2026

After three consecutive rate cuts, the US Federal Reserve is also on hold, and benchmark interest rates in the US, Switzerland and the Eurozone remain unchanged for now. Attention is turning to Japan, however, where worries about government debt pose a dilemma for the country’s central bank. At the same time, the Swiss franc’s renewed appreciation puts the SNB under pressure to act. We take a look back at developments on interest rate and bond markets in January and also turn to market expectations for the months ahead.

What does the current situation mean for investors? Read the views of our experts in the latest edition of “Market Minute”.