FX.co ★ Italy 10-Year Yield Hits One-Week High

The yield on Italy's 10-year government bond, known as BTP, climbed to 3.58%, reaching its highest in approximately a week. This increase comes amid a wider rise in European borrowing costs, influenced by the political turmoil in France, which has introduced new uncertainties in the eurozone's second-largest economy. At one point, the BTP yield dipped below that of France's 10-year OAT following the resignation of Sébastien Lecornu, marking the fifth prime ministerial resignation since President Macron assumed office. Additionally, Italian debt faced pressure due to the United States' announcement of plans to implement anti-dumping tariffs of up to 92% on 13 Italian pasta producers, including Barilla, La Molisana, and Pastificio Lucio Garofalo, beginning in January. This decision has faced condemnation from Rome and opposition from the European Commission.