Btp, yields are back above 4%. Expectations for a “jumbo” rate hike by the central bank weigh heavily

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The movement of Italian bonds is part of the broader one of euro zone bond yields, all up. A German 10-year bund pays 1.59% with an increase of 6 basis points (+ 0.06%) compared to yesterday’s close. The French ten years yield 2.21% (+ 7 points), the Spaniards 2.79% (+ 7)

Back to overcome 4% is the yield on ten-year BTPs. Italian government bonds have not exceeded this threshold since last June 13. The movement of Italian bonds is part of the broader one of euro zone bond yields, all up. A German 10-year bund pays 1.59% with an increase of 6 basis points (+ 0.06%) compared to yesterday’s close. The French ten years yield 2.21% (+ 7 points), the Spaniards 2.79% (+ 7). The increase in BTPs is more marked: 10 basis points, causing a widening of the spread (difference between Italian and German yields) of 3 points to 242 points. The expectation for a more restrictive monetary policy by the European Central Bank that in the board of directors on 8 September, it could be decided to raise rates by more than 0.5% to combat inflation. Expectations for central bank interventions are also weakening equity markets. In fact, more restrictive monetary policies also reduce the sums to be invested in the stock market. London loses 1.5%, Frankfurt 1.2%, Paris 1.5%. In Milan Piazza Affari fell by 0.9%.

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Tags: Btp yields Expectations jumbo rate hike central bank weigh heavily

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