Italy 10-Year BTP Yield (monthly average)
Monthly average (ECB), published around mid-month for the previous month · yield, % per year
Average for September 2026
Italy 10-Year BTP Yield chart
Monthly average Sept 2026: 4.362%
Each point is one monthly average published by the ECB. There are no daily or intraday values. Source: ECB.
Ranges and changes
- Range of the last 12 monthly averages
- 3.388%4.362%
One basis point (bp) is 0.01 percentage point, so a move from 4.00% to 4.25% is +25 bp. Changes compare one monthly average with the average for the earlier month.
Other government bond yields
All yields- US 2-Year Treasury YieldClose Fri, 23 Oct 20264.69%+4.0 bp
- US 5-Year Treasury YieldCboe index, delayed4.805%+3.7 bp
- US 10-Year Treasury YieldCboe index, delayed4.988%+3.5 bp
- US 30-Year Treasury YieldCboe index, delayed5.315%+2.8 bp
- UK 10-Year Gilt YieldEstimate Wed, 21 Oct 20265.334%-1.8 bp
- German 10-Year Bund YieldEstimate Fri, 23 Oct 20263.36%-6.0 bp
- Japan 10-Year Government Bond YieldClose Thu, 22 Oct 20262.914%-0.9 bp
About the Italy 10-Year BTP Yield
The Italy 10-year BTP yield is the annual return on 10-year Italian government bonds (Buoni del Tesoro Poliennali, or BTPs), issued by Italy's Treasury. Italy has one of the largest government bond markets in the euro area, and the gap between its 10-year yield and Germany's, the BTP-Bund spread, is closely watched as a measure of euro-area financial stress and of investors' view of Italian public finances.
FXMARE does not have a free official source for a daily Italian 10-year yield, so this page does not show one. The figure here is the monthly average the European Central Bank publishes as Italy's long-term interest rate for convergence purposes, a statistic based on yields of Italian government bonds with about ten years to maturity. Each value averages a whole calendar month and is published around the middle of the following month, so it lags the market and does not show day-to-day moves.
- Security
- Italian government bond (BTP), 10-year maturity
- Issuer
- Italian Treasury (Ministry of Economy and Finance)
- Data
- ECB, long-term interest rate for convergence purposes, Italy
- Updated
- Monthly average, published the following month
What moves the Italy 10-Year BTP Yield
- European Central Bank policy decisions and guidance
- Italy's budget, debt outlook and credit ratings
- Euro-area inflation and growth
- Risk sentiment and the BTP-Bund spread
Scheduled releases to watch: ECB interest rate decision, Euro-area CPI flash estimate. See every upcoming release on the economic calendar.
Markets that react to this yield
- EUR/USD · Reacts to the gap between US and euro-area yields
- Euro Stoxx 50 · Euro-area equities are sensitive to the discount rate
- FTSE MIB · Italian equities, sensitive to the BTP-Bund spread
Frequently asked questions
Why is this a monthly average rather than a daily yield?
We only publish yields from sources we can show accurately and credit. The free official source for Italy's 10-year yield is the ECB's monthly series, so this page shows each month's average with the month it covers, and the change from the previous month in basis points. It is not a live or daily figure.
What is the BTP-Bund spread?
It is the difference between Italy's 10-year government bond yield and Germany's, usually quoted in basis points. A wider spread means investors demand more to hold Italian debt instead of German debt, which markets read as a sign of higher perceived risk; a narrower spread signals the opposite.
What moves Italian government bond yields?
ECB policy sets the base for all euro-area yields, while Italy's own budget plans, debt level, credit ratings and political news drive the extra yield over Germany. In periods of market stress investors often sell higher-yielding euro government bonds such as BTPs and buy Bunds, which widens the spread.
Why do bond yields rise when bond prices fall?
A government bond pays a fixed coupon. If market rates rise, an existing bond's fixed payments are worth less, so its price falls until its yield matches the new market rate; when rates fall, the opposite happens. Yield and price therefore always move in opposite directions, and the longer the maturity, the larger the price move for the same change in yield.
For information and education only, not investment advice. Yields shown are official published statistics (monthly averages), not a quote to buy or sell a bond. Source: ECB.