Italy’s 10-Year BTP Yield Pulls Back

2025-12-03 13:14 By Joana Ferreira 1 min. read

Italy’s 10-year BTP yield edged down to 3.44%, retreating from a near seven-week high of 3.484%, as investors weighed the outlook for Federal Reserve policy and signs of fiscal stability.

Yields had risen earlier this week amid a broader global uptick in sovereign bonds, following comments from Bank of Japan Governor Kazuo Ueda suggesting a possible rate hike at the upcoming BOJ meeting.

In the US, the Federal Reserve is widely expected to deliver a third rate cut this month, with further easing possible next year.

Meanwhile, the European Central Bank is likely to hold rates steady amid a resilient economy and inflation near target.

Elsewhere, Italy's government projects the 2025 budget deficit to fall below 3% of GDP, down from 3.4% in 2024 and ahead of the previous 3.3% target.



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