Italy’s 10-year government bond yield hovered around the 3.5% mark, steady after posting its sharpest weekly drop in weeks. Investors continued to weigh contrasting signals from the US and Eurozone and their implications for monetary policy. Disappointing US jobs data and substantial downward revisions to previous months have fueled expectations of two additional Federal Reserve rate cuts this year, beginning in September. Adding to the uncertainty, President Trump dismissed a senior official at the Labor Department. In contrast, Eurozone inflation came in slightly above expectations, holding at 2.0% in July versus the forecasted 1.9%, strengthening the view that the European Central Bank is likely to keep rates unchanged for now.