Italian bond yields top 5 pct

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Italian bond yields top 5 pct

STORY: Italian bond yields top 5 pct DATELINE: Oct. 6, 2023 LENGTH: 00:00:47 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of Italy-related footage STORYLINE: Yields on Italian government bonds topped the 5 percent threshold for the first time in more than a decade on Wednesday, continuing a weeks-long trend that has seen yields pushed higher amid concerns over interest rates, economic growth and inflation. The government's benchmark ten-year bond yield peaked at 5.012 percent in early trading on secondary markets, before retreating slightly and closing Wednesday's session at 4.907 percent. The last time the yield on Italian government bonds was so high was in August 2012. Since then, bond yields in Italy have dropped and fluctuated for the past ten years before rising again in early 2021. Analysts said that the rise in bond yields across Europe over the last 18 months has been mostly powered by high inflation, stemming from an interruption in energy supplies due to the Ukraine crisis, and an in

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