Italian bond yield dropped

Italian bond yield dropped

Rome: "Middle East"

The 10-year Italian bond yield fell to its lowest level in almost three years, while the benchmark German bond yield fell well below 0%.
Italian Treasury bonds paved the way for eurozone bonds to drop on Thursday, after a member of the board of governors of the European Central Bank (ECB) announced that a new stimulus package could be launched at the next meeting of the board of directors.
Olli Rehn, a key member of the Governing Council of the European Central Bank (ECB), adopts a flexible monetary policy, saying it is better for the ECB to act more than the market's expectations when it does not. is taking new measures to support economic growth.
The yield on 10-year Italian bonds fell by 15 basis points to 1.36%, the lowest level since 2016, while the yield difference between German and Italian bonds reached 206 basis points. lowest level in a week.
This comes as financial markets are betting on a 16-basis-point cut in interest rates by the European Central Bank at its meeting on 12 September (September).

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