The yield on the 10-year Italian BTP was around 3.65%, in line with its European peers, as traders assessed stronger-than-expected PMI data and continued to evaluate Trump's policies. Investors also looked ahead to next week's ECB monetary policy decision. Flash PMIs for the Eurozone and Germany provided some optimism, as private sector activity showed signs of recovery and the manufacturing contraction eased. Meanwhile, President Trump appeared to soften his stance on universal tariffs and advocated for an immediate drop in interest rates. The ECB is widely expected to implement another 25bps cut to the key deposit rate next week, following four reductions in 2024. The spread between Italian and German yields, a measure of the risk premium for holding Italian debt, stood at approximately 112 basis points. This compares to a low of 104.5 bps reached in early December, marking the narrowest level since October 2021.
Italy 10Y Bond Yield was 3.65 percent on Friday January 24, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Italy 10-Year Government Bond Yield reached an all time high of 14.20 in October of 1992. Italy 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on January 24 of 2025.
Italy 10Y Bond Yield was 3.65 percent on Friday January 24, according to over-the-counter interbank yield quotes for this government bond maturity. The Italy 10-Year Government Bond Yield is expected to trade at 3.45 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3.26 in 12 months time.