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Italy EUR

Italy BTP Short Term

Impact:
Low

Latest Release:

Date:
Actual:
3.58%
Forecast:
Previous/Revision:
3.29%
Period:
What Does It Measure?
The Italy BTP (Buono del Tesoro Poliennale) Short Term is a benchmark yield for the short-term debt issued by the Italian government, measuring the cost of borrowing for the state over shorter maturities, generally with maturities of up to five years. This indicator assesses the country's fiscal health, market confidence, and the prevailing interest rate environment, providing insights into government financing and investor sentiment.
Frequency
The yield on Italy's BTP Short Term is typically quoted daily, reflecting real-time changes in the bond market; however, relevant reports may also be released on a monthly or quarterly basis.
Why Do Traders Care?
Traders closely monitor the Italy BTP Short Term yield as it affects the risk perception related to Italian debt, influencing the Euro (EUR), Italian equities, and broader market dynamics. A rising yield indicates increasing borrowing costs and can be bearish for Italian stocks, while a falling yield may boost market confidence, thereby positively impacting asset prices.
What Is It Derived From?
The yield is derived from the prices of newly issued and existing Italian government bonds in the secondary market, reflecting investor demand and prevailing interest rates. The calculation takes into account factors such as coupon payments, time to maturity, and market sentiment, with trading data collected from a network of financial institutions.
Description
Italy's BTP Short Term yield changes based on a variety of economic factors, including investor appetite for risk, monetary policy by the European Central Bank, and Italy's fiscal stability. An increase in yield generally reflects investor concerns regarding inflation and credit risk, while a decrease signifies confidence and lower anticipated interest rates.
Additional Notes
The BTP Short Term yield serves as a leading economic measure, helping predict future borrowing costs and influencing monetary policy decisions. Additionally, it is correlated with other European bond yields, providing insights into regional economic conditions and investor sentiment across the Eurozone.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bearish for EUR, Bearish for Stocks. Lower than expected: Bullish for EUR, Bullish for Stocks. Dovish tone: Signaling lower interest rates or economic support, is usually good for the EUR but bad for Stocks due to cheaper borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Apr 22, 2024
 
  
Mar 28, 2024
 
  
Nov 24, 2023
 
  
Aug 25, 2023
 
  
Apr 21, 2023
3.58%
3.29%
Mar 28, 2023
3.29%
3.67%
Nov 24, 2022
2.75%
2.88%
Oct 26, 2022
2.88%
3.27%
Sep 27, 2022
3.27%
1.86%