在美国通胀率低于预期后，意大利10年期BTP收益率进一步下跌，接近3.9%的水平，远离本周早些时候达到的4.17%的六个月高点。与此同时，美联储如预期保持利率稳定，并表示今年只降息一次，明年降息四次，低于市场对2024年的预期。早些时候，在马克龙总统宣布无论即将到来的立法选举结果如何，他都不会辞职后，欧洲收益率涨势暂停。这一宣布短暂缓解了欧洲的政治紧张局势，极右翼在欧洲议会选举中的胜利和马克龙出人意料地呼吁提前举行选举加剧了这种紧张局势。在意大利，Giorgia Meloni的意大利兄弟党获得了28.8%的选票。意大利和德国10年期国债收益率之间的利差约为140个基点，这是衡量意大利信贷风险的关键指标。

The Italian 10-year BTP yield fell further to approach the 3.9% level, moving away from a six-month high of 4.17% reached earlier in the week, after inflation rate in the US came below expectations. The Fed meanwhile, kept rates steady as expected, and signaled only one rate cut this year and four reductions next year, less than market expectations for 2024. Early, the European yield rally had paused after President Macron announced he would not resign regardless of the outcome of the upcoming legislative election. This announcement briefly alleviated the political tensions in Europe, which had been exacerbated by the far-right's gains in the European Parliament elections and Macron's unexpected call for a snap election. In Italy, Giorgia Meloni's Brothers of Italy party secured 28.8% of the vote. The spread between Italian and German 10-year yields, a crucial measure of Italy's credit risk, stood at around 140 basis points.