Italy’s 10-year BTP yield fell to 3.5%, the lowest in about a month, tracking a general decline in European yields, after weaker-than-expected PMI data heightened concerns about the increasingly bleak economic outlook for Europe. Preliminary PMI data indicated a return to contraction in Eurozone private sector activity, with the services sector joining the manufacturing downturn. Germany and France emerged as the weakest performers in the region. Weak economic data prompted investors to increase their expectations of a 50bps cut in the ECB's deposit facility rate next month, up from just a 15% probability previously. Also, political tensions in Germany and France and the escalating conflict between Russia and Ukraine continued to dampen investor confidence. Additionally, the prospect of a second Donald Trump administration raised concerns about potential significant disruptions to the European economy.
Italy 10Y Bond Yield was 3.51 percent on Friday November 22, 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 November 23 of 2024.
Italy 10Y Bond Yield was 3.51 percent on Friday November 22, 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 3.60 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 3.46 in 12 months time.