Market Minute − Rates and bonds October 2026

ECB and Fed hike, while SNB holds steady. September was an important month on the monetary policy front, setting the stage for rate hikes during the remainder of the year. Government bond yields reached their highest level in over 20 years and are already pricing much of this in. We look back at developments on rates and bond markets in September, as well as provide an outlook on market expectations for the months ahead.

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