The Swiss 10-year government bond yield rose to around 0.26%, as Trump’s tariff threats on European nations over Greenland stoked geopolitical tensions and drove safe-haven buying. President Trump has vowed to impose fresh tariffs on European countries, including major economies such as France, Germany, and the United Kingdom, that oppose the US acquisition of Greenland. The proposed tariffs are set to escalate, starting at 10% on February 1 and rising to 25% by June. Meanwhile, investor attention turns to the WEF in Davos from January 20, with speeches from global central bankers, including Swiss National Bank Chairman Martin Schlegel. Expectations remain that the SNB will maintain its 0% key rate in foreseeable future, with December meeting minutes signaling no need for immediate policy changes. Swiss CPI rose 0.1% year-on-year in December, the first increase since July, and is projected to rise gradually in the coming months.