Italy 10-Year Bond Yield

Italy 10-Year Bond Yield closed down by -3.5% to 0.69 on 23 January 2021 and +-23.08% on a weekly basis. Italy 10-Year Bond Yield momentum was last calculated at -100.0/100 indicating negative momentum. Italy 10-Year Bond Yield trend is -100.0/100 indicating a negative trend. Italy 10-Year Bond Yield momentum exhaustion is -1.43362 indicating Italy 10-Year Bond Yield is oversold.Italy 10-Year Bond Yield RSI is 40.9666 .

Italy 10-Year Bond Yield Chart

Italy 10-Year Bond Yield

Italy 10-Year Bond Yield Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the Italy 10-Year Bond Yield. Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the Italy 10-Year Bond Yield trading signals presented in the Italy 10-Year Bond Yield statistics table.

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Italy 10-Year Bond YieldIT.10Y0.69-1-1-1.4336240.9666-3.5-23.08-17.46-0.60406

Italy 10-Year Bond Yield closed at 0.69 on 23 January 2021. Italy 10-Year Bond Yield trend was last calculated at -100.0/100 (range: -100 to +100) indicating a negative trend based on MacroVar models. Italy 10-Year Bond Yield momentum was last calculated at -100.0/100 (range: -100 to +100) indicating negative momentum. Italy 10-Year Bond Yield momentum exhaustion is -1.43362 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Italy 10-Year Bond Yield is oversold and a possible reversal is imminent. Italy 10-Year Bond Yield RSI was last calculated at 40.9666. Italy 10-Year Bond Yield moving averages were last recorded as follows: 1-month moving average: 0.56935 in a downtrend , 1-quarter moving average: 0.64972 in a downtrend and 1-year moving average: 1.13209 in a downtrend. Italy 10-Year Bond Yield annual return was last recorded at None%, daily return was last recorded at -3.5%, and weekly return was last recorded at -23.08%. Italy 10-Year Bond Yield histrorical 20-day volatility was last recorded at 61.3385%, Italy 10-Year Bond Yield alpha None, Italy 10-Year Bond Yield beta None and Italy 10-Year Bond Yield maximum drawdown was recorded at None%. MacroVar models monitor Italy 10-Year Bond Yield statistics based on historical data since 1970.

Italy 10-Year Bond Yield News

Italy 10-Year Bond Yield Factors

Italy 10-Year Bond Yield

FactorSymbolLast ValuePredicted ValueR2MacroVar Signal
Italy PMI vs 10YIT.FACT.10YPMI0.71950.4592-0.900577
Italy ESI vs 10YIT.FACT.10YESI0.71985.1614-0.0685813
Italy 10Y vs FXIT.FACT.FX10Y0.5467.1981e150.103

Italy Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
FTSE MIBMIB24675.60.50.750.9286460.9611-2.06-1.60.88-0.05718
Italy ETF EWI31.65111.4343465.027-1.52-3.56-2.070.00811
FBTP Italian 10Y BondsFBTP153.25111.4923159.12550.191.853.930.06653
Italy 10-Year Bond YieldIT.10Y0.69-1-1-1.4336240.9666-3.5-23.08-17.46-0.60406
Italy 5-Year Bond YieldIT.5Y0.020-1-1.5957637.3048-35.48-88.7-84.73-1.16715
Italy 2-year bond yieldIT.2Y-0.40.5-0.75-1.0868248.36210.7626.9825.79-7.13433
Italy Yield CurveIT.YC1.1-1-1-1.4094836.5594-1.08-9.24-4.68-0.27058
Italy Credit Default SwapsCDS.Italy74.5-1-1-1.1944336.46893.11-3.25-10.51-0.22705

Italy Economic Indicators

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
balance of trade56425870-0.03884160.00391638-1.01.00.4166672021-05-31
bank lending rate1.771.750.01142860.01142861.01.00.9166672021-05-31
banks balance sheet393316039211500.003062880.01164911.01.00.6833332021-05-31
business confidence105.4101.90.03434740.2227381.01.012021-04-30
capacity utilization75.374.90.00534045-0.0407643-1.0-1.00.22021-01-01
capital flows6401.53908.90.637673-2.04822-1.01.00.252021-04-30
car registrations1494381427300.04699780.12821.01.00.8166672021-06-30
central bank balance sheet150458014786100.01756380.2157531.01.00.5166672021-06-30
composite pmi58.355.70.04667860.224791.01.00.952021-06-30
construction pmi57.958.3-0.006861060.1220931.01.00.92021-06-30
consumer confidence115.1110.60.04068720.1638021.01.00.9833332021-06-30
consumer price index cpi104.2104.10.0009606150.01263361.01.00.8166672021-06-30
core inflation rate0.30.20.5-0.571429-1.0-1.00.12021-06-30
current account7106715-0.894267-1.71848-1.01.00.01666672021-01-31
current account to gdp3.63.20.125-2.285711.01.002020-01-31
exports4358543650.2-0.001493690.4191151.01.00.9833332021-05-31
external debt234521023243200.008987570.07687611.01.00.4666672021-01-01
fiscal expenditure65.3461.360.06486310.6200941.01.00.8666672021-05-31
foreign direct investment767-103-8.4466-2.02131.01.00.22021-04-30
foreign exchange reserves169887173830-0.0226831-0.0269151-1.0-1.00.22021-06-30
gdp2001.242085.76-0.0405224-0.0945804-1.0-1.002019-01-31
Real GDP400347401777-0.00355919-0.00483727-1.0-1.00.452021-01-01
gdp growth0.1-1.8-1.05556-0.751.0-1.00.552021-01-01
gdp growth annual-0.8-6.6-0.878788-1.571431.0-1.00.32021-01-01
gold reserves2451.842451.80.000016314501.0-1.00.5752020-07-01
government budget-9.5-1.64.93752.65385-1.0-1.002019-02-28
Government budget-25.64-17.060.5029310.825821-1.0-1.00.7666672021-05-31
government debt268681026804700.002365260.07147531.01.00.6666672021-05-31
government debt to gdp155.8134.60.1575040.5214841.01.002020-01-31
government revenues39.744.3-0.1038370.510195-1.01.012021-05-31
housing index101.1100.10.009990010.0253551.01.002021-01-01
imports37942.5377800.004301220.5120871.01.00.9833332021-05-31
industrial production21.179-0.732911-2.019321.01.00.1666672021-05-31
industrial production mom-0.10.1-2-0.996403-1.01.00.52021-03-31
inflation cpi1.31.10.181818-7.51.01.00.06666672021-05-31
interbank rate-0.54-0.5400.317073-1.0-1.00.7333332021-02-28
interest rate0.050.05001.0-1.00.7916672016-03-09
loans to private sector6677316668640.001300120.0164865-1.01.00.8666672021-05-31
long term unemployment rate5.55.10.0784314-0.1791041.0-1.00.252021-01-01
manufacturing pmi62.262.3-0.001605140.3094741.01.00.952021-06-30
money supply m1147362014592600.00984060.1135611.01.00.92021-05-31
money supply m2184631018350100.0061580.08551561.01.00.92021-05-31
money supply m3185547018440800.006176520.08428391.01.00.8833332021-05-31
Producer Price Index106.4105.30.01044630.0802031.01.012021-05-31
PPI Index86.80.176471-2.509431.01.00.1333332021-05-31
retail sales MoM6.6-2.7-3.444447.251.01.00.9166672021-02-28
retail sales13.330.4-0.5625-2.303921.01.00.32021-05-31
services pmi56.753.10.06779660.2219831.01.00.952021-06-30
unemployment rate10.510.7-0.01869160.2352941.01.00.9666672021-05-31
youth unemployment rate31.732.8-0.03353660.1122811.01.00.8833332021-05-31
zew economic sentiment index59.756.80.0510563-2.036461.01.00.4833332021-03-28
Construction sector-2-4.1-0.512195-0.7260271.01.00.01666672021-04-01
Consumer sector-10.1-11.5-0.121739-0.5167461.01.00.052021-04-01
Manufacturing sector1.8-2.8-1.64286-1.114651.01.00.4166672021-04-01
Retail sector1.5-7.3-1.205482.751.01.00.92021-04-01
Services sector-6.1-11.9-0.487395-0.6514291.01.00.42021-04-01
ESI - Economic Composite104.899.50.05326630.2271661.01.012021-04-01

Italy 10-Year Bond Yield Trading Signals


MacroVar estimates the following signals: Italy 10-Year Bond Yield momentum, Italy 10-Year Bond Yield trend, Italy 10-Year Bond Yield oscillator, Italy 10-Year Bond Yield RSI and Italy 10-Year Bond Yield returns.

Italy 10-Year Bond Yield Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVarItaly 10-Year Bond Yield momentum signal ranges from -100 to +100. The Italy 10-Year Bond Yield momentum signal is derived as the mean value from 4 calculations for the Italy 10-Year Bond Yield. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Italy 10-Year Bond Yield return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Italy 10-Year Bond Yield momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Italy 10-Year Bond Yield momentum signal moves from positive to negative value or vice-versa.

Italy 10-Year Bond Yield trend

Italy 10-Year Bond Yield trend signal ranges from -100 to +100. Italy 10-Year Bond Yield trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Italy 10-Year Bond Yield Closing price vs Italy 10-Year Bond Yield moving average (MA) calculation: If Italy 10-Year Bond Yield is greater than Italy 10-Year Bond Yield MA value is +1, else -1, 2. Italy 10-Year Bond Yield Moving average slope calculation: if current Italy 10-Year Bond Yield moving average is higher than the previous MA, Italy 10-Year Bond Yield upward slope +1, else -1
Italy 10-Year Bond Yield trend model can be used as a trend strength indicator. Italy 10-Year Bond Yield trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Italy 10-Year Bond Yield trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Italy 10-Year Bond Yield 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Italy 10-Year Bond Yield is in an uptrend when Italy 10-Year Bond Yield price is higher than the 52-week moving average and the Italy 10-Year Bond Yield 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Italy 10-Year Bond Yield oscillator and Italy 10-Year Bond Yield RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Italy 10-Year Bond Yield oscillator

The Italy 10-Year Bond Yield oscillator estimated by MacroVar is the z-score of the current Italy 10-Year Bond Yield price versus Italy 10-Year Bond Yield 1-year simple moving average price. The formula for the Italy 10-Year Bond Yield oscillator is:
Italy 10-Year Bond Yield oscillator = (Current Price – 250 trading days Italy 10-Year Bond Yield simple moving average price) / (250 days Italy 10-Year Bond Yield price standard deviation)

Italy 10-Year Bond Yield oversold conditions
Italy 10-Year Bond Yield is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Italy 10-Year Bond Yield is oversold it is often due for a rebound. Values of the Italy 10-Year Bond Yield oscillator lower than -2.5 signify oversold conditions. It must be noted that the Italy 10-Year Bond Yield oscillator must be analyzed ibn conjunction with the rest of Italy 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Italy 10-Year Bond Yield RSI.
Italy 10-Year Bond Yield overbought conditions
Italy 10-Year Bond Yield is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Italy 10-Year Bond Yield is overbought it is often due for a correction. Values of the Italy 10-Year Bond Yield oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Italy 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Italy 10-Year Bond Yield RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Italy 10-Year Bond Yield is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Italy 10-Year Bond Yield uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Italy 10-Year Bond Yield returns

MacroVar calculates Italy 10-Year Bond Yield returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Italy 10-Year Bond Yield returns = (Italy 10-Year Bond Yield Closing Price – Italy 10-Year Bond Yield Previous Price)/(Italy 10-Year Bond Yield Previous Price)
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