FX.co ★ Italy 10-Year Bond Yield Holds Amid Mixed Eurozone Data

Italy's 10-year government bond yield remains around 3.57%, nearing its peak since early September, following the release of mixed Eurozone PMI flash data. The HCOB Composite PMI pointed to modest growth, yet a decline in the new business index to 50 indicated a slowdown in momentum. The expectations for additional easing measures by the European Central Bank remain unchanged. Concurrently, investors are closely monitoring the Federal Reserve’s policy signals, awaiting insights from Chair Jerome Powell and the impending release of the US PCE price index—an essential gauge of inflation—for indications on the future path of global borrowing costs.