Pending the meetings of the ECB (Thursday 10 June) and the Federal Open Market Committee next week, government bonds are regaining strength. In particular, today the 10-year Treasury yield fell to 1.513% overseas, the lowest level since last March. Rates in Europe also fell with the 10-year BTP below 0.9%.
Movement that weighs on banks, among the main beneficiaries in recent months of the rise in bond yields. In Piazza Affari the big Intesa Sanpaolo and Unicredit are traveling arm in arm, both down by about 1.3%. Banco BPM is also in trouble at -1%.