October 31, 2017 / 7:24 AM / 2 years ago

Italian bond yields set for biggest monthly fall since July 2015

LONDON, Oct 31 (Reuters) - Italy’s 10-year government bond yield was set on Tuesday to end October with its biggest monthly fall in more than two years.

A decision by the European Central Bank last week to extend its asset purchase programme well into next year, albeit at a reduced amount, has provided a powerful boost to peripheral bond markets in recent sessions. Friday’s surprise ratings upgrade for Italy by Standard & Poor’s has also boosted sentiment towards Italian bonds.

The 10-year Italian bond yield was 2 basis points higher at 1.86 percent in early Tuesday trade, not far off almost 10-month lows. It is down 30 basis points this month and set for the biggest monthly fall since July 2015, according to Tradeweb data. (Reporting by Dhara Ranasinghe)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below