意大利10年期债券收益率保持在3.60%附近，接近7月中旬以来的最高水平，因为市场权衡了结束俄罗斯-乌克兰冲突的令人鼓舞的外交信号，并等待美联储的指导。在特朗普、泽连斯基和欧洲领导人“成功”会晤后，美国总统承诺在与俄罗斯的任何和平协议中支持乌克兰的安全，而投资者正在等待进一步的细节。在货币方面，人们仍然预期欧洲央行将在9月保持利率不变，在欧盟与美国达成贸易协议后，欧元区前景大致稳定。通货膨胀已经达到欧洲央行2%的目标，为政策制定者提供了进一步的保证。市场参与者现在关注的是鲍威尔8月22日在杰克逊霍尔发表的关于货币政策指导的演讲，下个月0.25%的降息已基本消化。
Italy’s 10-year bond yield held near 3.60%, close to its highest since mid-July, as markets weighed encouraging diplomatic signals toward ending the Russia-Ukraine conflict and awaited guidance from the US Federal Reserve. Following a “successful” meeting between Trump, Zelensky, and European leaders, the US President pledged support for Ukraine’s security in any peace deal with Russia, while investors await further details. On the monetary front, expectations remain that the ECB will keep rates unchanged in September, with the eurozone outlook broadly stable after the EU reached a trade deal with the US. Inflation is already at the ECB’s 2% target, providing further reassurance for policymakers. Market participants are now focused on Powell’s Jackson Hole speech on August 22 for guidance on monetary policy, with a 0.25% rate cut next month largely priced in.
