Government bond yields mostly rising on Friday, with Italian interest rates at a record low


The interest rate on German two-year bonds had risen by 0.3 basis points to -0.72%. The longer ten-year-old was at -0.45 per cent, and its interest rate had risen by 1.5 basis points.

In Italy, the interest rate on a loan with a maturity of 10 years was at a record low of 0.47%. During the euro crisis, the interest rate was as high as 7.0 per cent, but has been on a downward trend since then.

‘We believe that the difference between the 30-year German and Italian loans (spread) will fall below 120 basis points in the coming weeks, ”Saxon Bank’s interest rate strategy Althea Spinozzi commented the news agency To Reuters.

Former President of the European Central Bank Mario Draghista is becoming the country’s next prime minister. The five-star movement supported Dragh in its membership vote yesterday.

The five-star movement has about a third of the seats in the House of Representatives and Senate. Former Prime Minister Giuseppe Conte resigned at the end of January.

In the United States, the two-year rate had fallen 0.2 percentage points to 0.11 percent. The interest rate on the 10-year government bond was 0.91 per cent at the end of last year, but has risen to 1.18 per cent from that. Long-term interest rates tend to rise in line with inflation expectations.

For major currencies, the most significant changes in the US dollar. The dollar index, which describes the development of the dollar against other major currencies, had strengthened by 0.3 per cent to 90.7 points. The index has last been at such a low level since early 2018.


Source: Arvopaperi by www.arvopaperi.fi.

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