Bond investments

[Baptiste Wicht]

Dumb question from my side: why should investors living in Switzerland only invest in Swiss bonds? (this is the only discussion I see here).

Why not invest in US bonds, or bonds from other countries?

For me (and not everybody agrees), it's because of currency. Bonds are to reduce the volatility of your portfolio. If you get US bonds, they are in USD, so you introduce a new form of risk with currency risk. So, for me, CHF bonds make much more sense.