Fig. 3From: Price distortions and municipal bonds premiums: evidence from SwitzerlandSource: EIKON ReutersZURICH Apr-2021 and Feb-2025 Benchmark Spreads. This figure displays the 10-year Zurich municipal bond yield spreads series. While the trend in the 2021 maturity municipals shows decreasing spreads from 2011 until early 2015, the opposite happens on both the 2021 and 2025 spreads for the period after the currency price shock.Back to article page