意大利10年期英国国债收益率升至3.6%以上，为约两个月来的最高水平，并与欧洲基准利率的上升保持一致，因为欧元区高于预期的通货膨胀和GDP增长促使投资者押注欧洲央行将继续采取渐进式降息措施，避免大幅降息。欧元区的年通货膨胀率从2021年的1.7%的低点上升到2%，高于1.9%的预测。核心利率保持在2.7%，尽管市场预计将降至2.6%。在意大利，协调通货膨胀率也上升到1%。本周早些时候，强于预期的经济增长也支撑了这些前景。第三季度欧元区经济环比增长0.4%，是第二季度的两倍，超过了0.2%的预测。然而，意大利经济停滞不前。市场现在已经完全消化了欧洲央行12月存款利率下调25个基点的预期，这是继10月、9月和6月降息后的第四次降息。
The yield on Italy's 10-year BTP rose to above 3.6%, the highest in about two months and tracking a rise in European benchmarks, as higher-than-expected inflation and GDP growth in the Euro Area, spurred investor bets that the ECB will continue a gradual approach to rate cuts, avoiding large reductions. Annual inflation rate in the Eurozone rose to 2% from 2021-lows of 1.7% and above forecasts of 1.9%. The core rate remained at 2.7% although markets were expecting it would fall to 2.6%. In Italy, the harmonised inflation also increased to 1%. Early in the week, stronger-than-expected economic growth also supported these outlooks. The Eurozone economy expanded by 0.4% qoq in Q3, double the growth of Q2 and exceeding forecasts of 0.2%. However, Italy’s economy stalled. Markets have now fully priced in a 25 bps cut in the ECB’s deposit rate for December, marking the 4th reduction after cuts in October, September, and June.
