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12 Jan 2023 Eurozone Monitor BTP Yields will Rise, but the Italian Yield Curve is Not About to Invert

Melanie Debono (Senior Eurozone Economist)11th Jan 2023 14:54Eurozone, Daily Monitor

Italian bond yields offer an attractive carry, but yields are likely to stay high this year and next...
...Even if the spread to bunds falls, as we expect, assuming Italy doesn’t rock the boat with the EU.
We expect BTP yields to rise to 4.35% by June, before easing back to 4.0% by year-end.

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