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Ctz auction, double demand and falling rates

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The Treasury has placed 2,5 billion euros of two-year Ctz offered on the market. The rate is down to 0,7%. The demand for securities (over 5 billion) was double the supply.

This morning the Piazza Affari Stock Exchange is traveling in positive territory, driven once again by the strong increases in luxury stocks, while the spread is back below 180 basis points.

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