Italy’s 10-year BTP yield eased toward 3.45%, its lowest level since late January, as markets evaluated the European Central Bank’s policy signals and turned their attention to upcoming macroeconomic releases, including the closely watched US employment and inflation data. At its latest meeting, the ECB left rates unchanged and reiterated that inflation is on track to return sustainably to its 2% medium-term goal. President Christine Lagarde maintained a composed stance, stating that the euro area’s inflation outlook remains in a “good place” and minimizing concerns over the euro’s recent strength. She also emphasized that potentially volatile data in the months ahead should not be used as the sole basis for policy decisions. Meanwhile, investors reacted to the announcement that Bank of France Governor François Villeroy de Galhau will step down on June 1, 2026, ahead of the originally scheduled end of his term in autumn 2027.

The yield on Italy 10Y Bond Yield eased to 3.46% on February 9, 2026, marking a 0.02 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.03 points and is 0.01 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Italy 10-Year Government Bond Yield reached an all time high of 14.20 in October of 1992. Italy 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on February 10 of 2026.

The yield on Italy 10Y Bond Yield eased to 3.46% on February 9, 2026, marking a 0.02 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.03 points and is 0.01 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The Italy 10-Year Government Bond Yield is expected to trade at 3.44 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3.27 in 12 months time.



Bonds Yield Day Month Year Date
Italy 10Y 3.46 -0.017% 0.033% 0.009% Feb/09
Italy 1M 1.94 0.003% -0.055% -0.632% Feb/09
Italy 52W 2.02 -0.076% -0.072% -0.255% Feb/09
Italy 20Y 4.17 -0.006% 0.147% 0.220% Feb/09
Italy 2Y 2.17 -0.023% -0.052% -0.177% Feb/09
Italy 30Y 4.38 0.004% 0.068% 0.242% Feb/09
Italy 3M 1.96 -0.012% -0.072% -0.453% Feb/09
Italy 3Y 2.40 -0.028% -0.037% 0.005% Feb/09
Italy 5Y 2.73 -0.027% -0.054% -0.037% Feb/09
Italy 6M 2.00 -0.010% -0.048% -0.420% Feb/09
Italy 7Y 3.08 -0.020% 0.071% 0.018% Feb/09
Italy 15Y 3.89 -0.012% 0.025% 0.102% Feb/09



Related Last Previous Unit Reference
Italy Inflation Rate 1.00 1.20 percent Jan 2026
Italy Interest Rate 2.15 2.15 percent Feb 2026
Italy Unemployment Rate 5.60 5.60 percent Dec 2025

Italy 10-Year Government Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
3.46 3.48 14.20 0.43 1991 - 2026 percent Daily

News Stream
Italian BTP Yields Flat to Start the Week
Italy’s 10-year BTP yield eased toward 3.45%, its lowest level since late January, as markets evaluated the European Central Bank’s policy signals and turned their attention to upcoming macroeconomic releases, including the closely watched US employment and inflation data. At its latest meeting, the ECB left rates unchanged and reiterated that inflation is on track to return sustainably to its 2% medium-term goal. President Christine Lagarde maintained a composed stance, stating that the euro area’s inflation outlook remains in a “good place” and minimizing concerns over the euro’s recent strength. She also emphasized that potentially volatile data in the months ahead should not be used as the sole basis for policy decisions. Meanwhile, investors reacted to the announcement that Bank of France Governor François Villeroy de Galhau will step down on June 1, 2026, ahead of the originally scheduled end of his term in autumn 2027.
2026-02-09
Italian BTP Yields Flat as ECB Leaves Policy Unchanged
Italy’s 10-year BTP yield eased below 3.5% after the European Central Bank left interest rates unchanged, reaffirming that inflation is expected to converge toward its 2% target over the medium term. The ECB said the euro area economy remains resilient, while warning that the outlook remains uncertain amid global trade policy risks and ongoing geopolitical tensions. At the ECB press conference, President Lagarde reiterated that both the central bank and the euro area inflation outlook are in a “good place,” while cautioning that inflation readings may fluctuate in the months ahead amid higher uncertainty. On the data front, euro area headline inflation slowed to 1.7% in January, well below the ECB’s target, while core inflation unexpectedly eased to 2.2%, its lowest level since October 2021. In Italy, inflation also moderated to 1.0%, the weakest reading since October 2024, reinforcing concerns that a stronger euro could prompt a resumption of policy easing paused in June.
2026-02-05
Italy’s 10-Year BTP Yield Falls as Inflation Cools
Italy’s 10-year BTP yield slipped further below 3.5% as markets reacted to weaker eurozone inflation data ahead of the European Central Bank's decision due Thursday. Eurozone CPI slowed to 1.7% in January, comfortably below the ECB’s target, while core inflation unexpectedly fell to 2.2%, its lowest since October 2021, raising concerns that a stronger euro could trigger a resumption of rate cuts paused in June. In Italy, inflation eased to 1.0%, the lowest level since October 2024. The ECB is widely expected to keep rates unchanged for a fifth consecutive meeting, with officials likely evaluating the deflationary impact of a stronger euro. ECB President Christine Lagarde is expected to reaffirm that monetary policy remains in a “good place,” while money markets anticipate rates will remain steady through 2026.
2026-02-04