意大利10年期BTP收益率升至3.49%以上，达到6月5日以来的最高水平，因为投资者权衡了油价飙升带来的通胀风险，并展望了即将到来的美联储政策决定。由于以色列和伊朗之间的紧张局势加剧，原油价格已攀升至近五个月高点，加剧了人们对潜在供应中断的担忧，特别是如果霍尔木兹海峡受到影响的话。在货币方面，人们普遍预计美联储将在周三保持利率稳定，但市场将密切关注最新的经济预测和点阵图，以指导未来的走势。在欧元区，货币市场现在将欧洲央行12月的存款利率定为1.79%，9月降息的可能性从60%降至50%。欧洲央行政策制定者Joachim Nagel强调，鉴于经济前景面临的“异常不确定性”，需要政策灵活性。

Italy’s 10-year BTP yield rose above 3.49%, reaching its highest level since June 5, as investors weighed inflation risks stemming from surging oil prices and looked ahead to the upcoming US Federal Reserve policy decision. Crude prices have climbed to near five-month highs amid intensifying tensions between Israel and Iran, fueling fears of potential supply disruptions—particularly if the Strait of Hormuz is affected. On the monetary front, the Fed is widely expected to hold rates steady on Wednesday, but markets will be closely watching the updated economic projections and dot plot for guidance on future moves. In the Eurozone, money markets now price the ECB’s deposit rate at 1.79% by December, with the probability of a September rate cut slipping to 50%, down from 60%. ECB policymaker Joachim Nagel emphasized the need for policy flexibility in light of the “exceptional uncertainty” facing the economic outlook.