Sept 22 (Reuters) - Swiss government bond yields fell on Thursday, reversing course following an initial spike on the back of an expected 75-basis point rise in interest rates by the Swiss National Bank.
Switzerland’s 2-year yield fell 18 basis points to 0.919% after having briefly jumped to as much as 1.309%, its highest since 2008. CH2YT=RR The 10-year yield fell 7 bps to 1.229% CH10YT=RR .
The Swiss National Bank raised its policy interest rate by 0.75 percentage points on Thursday - the second increase in 15 years - and said it could not rule out more hikes, as it joins the ranks of the central banks fighting inflation.
The Swiss franc dropped broadly, falling against the dollar, euro and pound. EURCHF=EBS CHF=EBS (([email protected]; +442075423424; Reuters Messaging: [email protected]; Twitter: https://twitter.com/a_coops1))
