周二，意大利10年期政府债券收益率微升至3.52%，与欧洲同行一致，因为投资者消化了德国和欧元区强于预期的情绪数据，同时为全球货币政策的关键一周做准备。人们普遍预计，美联储周三将降息至少25个基点，市场关注最新的经济预测和主席杰罗姆·鲍威尔的新闻发布会，以获取年底政策路径的信号。政策制定者面临着权衡劳动力市场降温与关税驱动的通货膨胀的挑战，而对美联储独立性的持续担忧增加了不确定性。在其他地方，预计英格兰银行和日本银行都将保持利率不变。在欧洲，欧洲央行上周表示其降息周期可能已经结束，行长克里斯蒂娜·拉加德指出，增长风险似乎“更加平衡”

Italy’s 10-year government bond yield edged up to 3.52% on Tuesday, moving in line with European peers as investors digested stronger-than-expected sentiment data from Germany and the Eurozone while preparing for a pivotal week in global monetary policy. The US Federal Reserve is widely expected to cut rates by at least 25 basis points on Wednesday, with markets focused on updated economic projections and Chair Jerome Powell’s press conference for signals on the policy path into year-end. Policymakers face the challenge of weighing a cooling labor market against tariff-driven inflation, while lingering concerns about the Fed’s independence add uncertainty. Elsewhere, the Bank of England and the Bank of Japan are both expected to keep rates unchanged. In Europe, the ECB last week signaled its rate-cutting cycle may be over, with President Christine Lagarde noting that growth risks appear “more balanced.”