Interest Rates: Rising interest rates generally decrease bond prices, as newly issued bonds become more attractive with higher yields. Conversely, falling interest rates tend to increase bond prices.

Inflation Expectations: Higher inflation expectations erode the real value of future bond payments, leading to lower bond prices. Lower inflation expectations tend to increase bond prices.

Economic Growth: Strong economic growth often leads to higher interest rates, thus decreasing bond prices. Weaker economic growth may lead to lower rates and higher bond prices.

Credit Risk: Increased perceived risk of the issuer (Swedish government in this case) defaulting lowers bond prices. Lower perceived credit risk increases bond prices.

Supply and Demand: Increased supply of Swedish 10-year bonds can lower their price, while higher demand can increase it.

Global Events: Major global events like geopolitical instability or economic crises can influence investor sentiment and impact bond prices, often driving them down during uncertainty.

Central Bank Policy: Actions by the Swedish central bank (Riksbank) regarding monetary policy, such as quantitative easing or tightening, can significantly affect bond yields and prices.