PRESS ROOM
Italian BTP yields edge lower still as economic outlook improves
Monday 24th August '20
10-year Italian BTP yields have fallen to around 95bps compared to a peak of over 2.4% around the peak of the pandemic in March. The spread of Italian BTP yields relative to German bunds has narrowed concurrently over this period as the economic outlook for Italy has gradually improved. Italy’s manufacturing and services Purchasing Managers’ Indices (PMIs) reached expansionary territory in July – a positive sign for the economy, while consumer and business confidence indicators have also improved over the last three months.