Global bond yields hit highest levels since 2008 amid market volatility

Global financial markets are experiencing significant volatility as bond yields reach their highest levels since 2008. This surge in yields is driven by geopolitical conflicts, rising raw material costs, and inflation, affecting markets across Europe, the United States, Japan, and Australia. The European Central Bank has issued a warning regarding the potential for a boom in euro-denominated bonds within the technology sector.

In the Italian equity markets, several analysts have updated their ratings and price targets. Morgan Stanley raised its target price for Unicredit from 96 to 105 euros and for Bper Banca from 14.50 to 14.80 euros, maintaining overweight recommendations. Additionally, Morgan Stanley adjusted its target for Banco BPM to 15 euros while maintaining an underweight rating. Other updates include price target increases for Intesa Sanpaolo by Oddo Bhf and STMicroelectronics by Citi.