BTP, yields above 5%. It hasn't happened since 2012. What is going on?

Milan, October 4, 2023 — Yields on 10-year BTPs have risen, for the first time in 11 years, above 5%. What is happening The BTP also reflects the rush in government bond yields linked to the prospects for maintaining the tightening on interest rates that triggered bond sales. The Italian 10-year yield exceeded 5% to reach 5.024%, a level it had not touched since October 2012, and then went back to 4.968%. The spread has barely moved to 196 poin…