Switzerland is being pulled into a global surge in borrowing costs
American ten-year bond yields have climbed above 5% for the first time since 2007, and Swiss ten-year rates have followed upwards, though they remain under 1%.
Swisscanto fund manager Vincent Lagger says Denmark, Australia and Switzerland are all moving in sync, pointing to a global phenomenon rather than a problem of weaker borrowers.
The US ten-year yield is the global benchmark that sets costs for home loans and corporate credit worldwide.
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