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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly BTP Short Term climbed to 3.99% in September 2023
FMPMonthlyReleased October 2023
Italy BTP Short Term climbed to 3.99% in September 2023, released October 2023, up 0.02% from August's 3.97% reading.
Latest Release
3.990000
Actual
—
Consensus
3.970000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| DAX | ▲ Direct | +0.40 | INDEX | Bullish EU | → View |
| EUR/GBP | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
BTP Short Term (Italy) was reported at 3.99% in October 2023. The reading rose from the previous value of 3.97%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 3.88%, up from the prior three at 3.21%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with DAX, positively correlated (Bullish EU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Business Confidence (May 28) and Consumer Confidence (May 28).
Auto-generated from current model state · Refreshes on each release · Last update October 2023.
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BTP Short Term - IT
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About BTP Short Term — Italy
DEFINITION
BTP Short Term is a financial indicator that measures the short-term performance of the Italian government bond market. It tracks the yield and price movements of bonds with a maturity of less than one year, providing valuable insights into the current state of the Italian economy and investor sentiment. This indicator is widely used by financial analysts and investors to make informed decisions about short-term investments in the Italian bond market.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2023): actual 3.99 %. Prior reading (Sep 2023): 3.97 %. Before that (Jul 2023): 3.69 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.