Italy - Average Long-term Government Bond
Italy: Average Long-term Government Bond
| Mnemonic | IRGTLT.IITA | |
|---|---|---|
| Unit | % p.a., NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Monthly | ||
| Data | Dec 2019 | 1.37 |
| Nov 2019 | 1.27 | |
Series Information
| Source | European Communities, EUROSTAT |
| Release | Eurostat - Long Term Government Bond Yield |
| Frequency | Monthly |
| Start Date | 1/31/1980 |
| End Date | 12/31/2019 |
Italy: Markets
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Average Long-term Government Bond | Dec 2019 | 1.37 | 1.27 | % p.a., NSA | Monthly |
| Stock Market Index | 30 Dec 2019 | 1,385 | 1,395 | Index, NSA | Business Daily |
| Lending Rate | 08 Oct 2008 | 4.25 | 4.25 | %, NSA | Daily |
Release Information
Long-term government bond yields: definition used for the convergence criterion for EMU for long-term interest rates (monthly average of central government bond yields on the secondary market, gross of tax, with around 10 years' residual maturity).
Length of series varies considerably. In general the national series for the euro area Member States are much longer than for the non euro area Member States.
Data sources used
Daily and monthly convergence series data are collected by the European Central Bank (ECB) from the national central banks. Eurostat calculates the EU15 series and the EU25 series. These aggregates are based on the data of the national central banks.
In addition, for the euro-zone aggregate, daily data on representative long-term government bonds are collected on the markets by the ECB, which calculates this aggregate.
The country and aggregate data are transmitted to Eurostat by electronic means.
The data for the 10-year rate refers to the par yield rates. “Long term (in most cases 10 year) government bonds are the instrument whose yield is used as the representative ‘interest rate’ for this area. Generally the yield is calculated at the pre-tax level and before deductions for brokerage costs and commissions and is derived from the relationship between the present market value of the bond and that at maturity, taking into account also interest payments paid through to maturity.” (https://stats.oecd.org/index.aspx?queryid=86).
Compilation of European aggregates
From January 1999, the weightings for euro-zone are based on each country's nominal stock of government bonds of around 10 years' maturity.
For EU, and before 1999 for euro-zone, the weightings used are national GDP at current prices and purchasing power standards.
Eurostat calculates the EU aggregate series. These aggregates are based on the data of the national central banks.
In addition, for the euro-zone aggregate, daily data on representative long-term government bonds are collected on the markets by the ECB, which calculates this aggregate.
Adjustments
Data are not seasonally adjusted.
Data are revised each time the ECB transmits revised data.
