Analysis: 'Magic moment' for Italian bonds as foreign interest revives
A vote of confidence in what has for years been seen as one of the riskiest euro zone bond markets would boost Rome's efforts to manage the bloc's second-largest debt pile, as the European Central BankForeign holdings of Italian government paper increased in February after 10 consecutive monthly declines, according to Bank of Italy data.
Luca Cazzulani, head of strategy research at UniCredit, said the level of yields now offered by Italian paper makes it hard for foreign banks and funds to ignore.The yield on Italy's 10-year BTP bonds has risen from a record low around 0.4% in February 2021 to about 4.2%, following the massive ECB rate hike cycle which began last July .
Italy has already met its net financing requirements for this year, well ahead of Germany, France and Spain. The downtrend has been helped by the surge in inflation, which increases revenues and nominal GDP, and therefore proportionally lowers the debt-to-GDP ratio.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Ukraine's Zelenskyy pays visit to Pope Francis, Italian officials in Rome before Germany tripUkrainian President Volodymyr Zelensky met with Pope Francis at the Vatican and Italian Prime Minister Giorgia Meloni in Rome Saturday.
Lire la suite »
Luciano Sovena, Italian Producer, Dies at 73Italian producer Luciano Sovena, who was instrumental to bringing early works by several of Italy’s now-prominent auteurs such as Alice Rohrwacher, Luciano Frammartino, and Saverio Costanzo, to the…
Lire la suite »
Google’s new Magic Editor pushes us toward AI-perfected fakeryAI-powered tools could change the way we edit images.
Lire la suite »
7 Italian Chains Where Chefs Actually Eat—and What They OrderWe found seven Italian restaurant chains that chefs actually eat at, along with what they enjoy ordering from them during a visit.
Lire la suite »
Magic Mushrooms Are Expanding Minds and Advancing an Emerging Field of Science🔄FROM THE ARCHIVE: Science on psychedelic fungi is thawing after decades of prohibition. Here’s what we know so far.
Lire la suite »
The Stockbrokers Of Magic: The Gathering Play for KeepsThe market for the popular strategy game’s cards has started to resemble Wall Street, complete with speculation, arbitrage, and yes, insider trading.
Lire la suite »