22.10.202511:36:19UTC+00Italian 10-Year Yields Drop to Near 11-Month Low

Yields on Italy’s 10-year government bonds, known as BTPs, have decreased to approximately 3.34%, marking their lowest point since December of the previous year. This decline aligns with a global reduction in borrowing costs, as investors anticipate interest rate cuts from major central banks, notably the Federal Reserve and the Bank of England. Within Europe, the European Central Bank (ECB) is entering its customary blackout period preceding its policy decision scheduled for next week. While current expectations suggest that interest rates will remain steady, investors will be attentively observing any guidance regarding future monetary policy, with markets now fully anticipating a 25-basis-point rate reduction by July 2026. Politically, Prime Minister Giorgia Meloni, as she celebrates her third year in office, has underscored her government's commitment to prioritizing national stability over economic growth, asserting that "stability" remains a primary goal despite the lackluster economic performance.