PRESS ROOM
Italian BTP yields decline steadily
Monday 12th October '20
10-year Italian government bond (BTP) yields have declined sharply in recent weeks and now stand at around 69bps (compared to over 2.4% in March). This suggests that the economic outlook for the country is improving gradually. While indicators like manufacturing Purchasing Managers Index have improved in the last 3 months, investors will be keeping a close eye on September gross domestic product (GDP) growth, inflation, and unemployment data hoping for a steady improvement to justify the decline in yields. Second wave virus risks remain rife given daily new cases are still on the rise in the country.