Positive demand, but interest rates rising significantly for new government bonds placed by the Treasury. This morning, the entire amount offered was sold for 6 billion euro in 6,5-month bots, with returns up to 0,379%, against 0,232% in the previous auction.
As for Required Knowledge, the coverage ratio was 1,73, a good level, even if lower than the 1,85 of the previous placement.
Immediately after the announcement of the result of the auction, the MY BAG of Milan travels negative by 0,37%, while the spread between ten-year BTPs and Bunds it stands at 162 basis points, slightly down on yesterday's close.
