SIX Reports YoY Increase for its CHF Bond Segment Turnover in Q2 2018

The SIX Swiss Exchange (SIX) has published its second quarter results for its Bonds segments today. Swiss Franc (CHF) Bonds saw both a year-on-year and month-on-month increase in turnover for the second quarter. However, the Non-CHF Bonds segment reported lackluster results.

According to the report, the turnover in the CHF Bonds segment in the second quarter of 2018 amounted to CHF 32.6 billion. This is an increase of 5.5 percent in turnover from the first quarter of this year and a 6.4 percent jump when compared to the second quarter of 2017.

The increase in turnover was largely due to a jump of 54 percent in the turnover of bonds of the Schweizerische Eidgenossenschaft. By the end of the second quarter of this year, the CHF Bond segment covered 1,729 bonds.

The second quarter results for this year improve on disappointing Q1 figures. Total turnover for the first quarter was CHF 30.9 billion, which was a decrease of 19 percent year-on-year. In the first quarter, March saw the lowest turnover of CHF 9.5 billion, whereas March 2017 saw a total turnover of CHF 15 billion.

Decline in Non-CHF Bonds

Although the CHF Bond segment saw positive results, the Non-CHF Bonds segment had the opposite experience in the second quarter. In the segment, the total Q2 turnover was EUR 3.4 billion. This is a drop of 32.8 percent in turnover from the previous quarter and an even further fall of 50.1 percent compared to the second quarter of last year.

Although the first quarter of this year did bring better results for the Non-CHF Bond Segment, it was still down year-on-year. Total turnover for Q1 came in at EUR 5 billion. This was a decline of 26 percent from the same period last year, which had a total turnover of EUR 6.8 billion. In the first and second quarter of this year, not a single month for the Non-CHF Bond Segment had a higher year-on-year turnover.