Italian bonds rally amid concerns on Fed rate hikes


ROME, Aug. 29 (Xinhua) -- Bond yields in Italy surged to their highest levels in weeks on Monday as potential changes in the monetary policy of the United States Federal Reserve (Fed) and concerns about Italy's upcoming elections combined with macroeconomic and environmental factors unsettled investors.

At the end of trading on Monday, the yield on Italy's benchmark ten-year bonds stood at 3.795 percent, after rising to 3.882 percent early in the session. Monday's close -- a 3.2 percent increase over Friday's close -- was the highest since the yield surpassed the 4 percent threshold in mid-June.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Ukrainian capital Kyiv under massive Russian attack, officials say
Russia says it captures village in Zaporizhzhia, Ukraine defending major town
4 injured in U.S. San Jose shooting
Venezuelans held in Salvadoran prison look to challenge deportation in US court
Zelenskiy says Russia using Belarus territory to circumvent Ukrainian defences
U.S. stocks close lower
U.S. dollar ticks up
Crude futures settle lower
Brazil's top court orders detention of ex- head of highway police after escape attempt
Riyadh hosts Saudi-Chinese festival as cultural year draws to a close

Others Also Read