The Italy risk premiumwhich measures the spread between the German bond and the Italian ten-year bond, closed this Wednesday at 222.8 basis pointsat levels at the end of July, and the yield on the ten-year bond has exceeded 3%, ending at 3.3%, due to fears of a worsening of the world economic situation at the end of the year.
The Italian risk premium has remained in recent days close to 200 basis pointsbut this Wednesday it has climbed to 222, from the 215 at the opening, because the country’s debt was in 2021 more than 150% of GDP and it is sensitive to the uncertainties arising from the war in Ukraine, inflation and the next steps in monetary policy of central banks.
This Wednesday, the tensions have reflected the fear of a possible global recession at the end of the year, after the Eurostat community statistics office published that the Eurozone GDP it expanded 0.6% in the second quarter compared to the previous quarter, one tenth less than what was advanced at the end of July.
Also disappointing was the sales data for July from US retailers, which was unchanged and shows that higher prices are forcing homes Be more prudent in your spending.
In this sense, investors have remained pending the publication of the minutes of the last monetary policy meeting of the United States Federal Reserve (Fed) to try to predict if the body will undertake a new rise in interest rates of 75 basic points to curb prices and analyze what impact that decision may have on the economic growth of the country and the rest of the world.