Italy’s 10-year government bond yield fell to 3.6%, tracking declines in US and European peers after briefly reaching its highest level since mid-May on Tuesday. The drop came as investors digested weaker-than-expected US job openings data, which strengthened bets that the Federal Reserve will resume rate cuts in September. Despite the decline, fiscal concerns in Europe persist, driven by prospects of rising defense spending and Germany’s planned infrastructure investments. Meanwhile, eurozone inflation accelerated to 2.1% in August, slightly above forecasts and the ECB’s 2% target, reinforcing expectations that the central bank will hold interest rates steady at next week’s meeting.