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1-year Bot Auction: rates at historic lows, Piazza Affari positive

The Treasury fills up on annual BOTs (placed all the 8 billion offered) and yields drop to their lowest level ever: 0,676% - Immediately after the announcement of the auction result, Piazza Affari travels positive, while the BTP spread -Bund continues to settle below the psychological threshold of 200 basis points.

1-year Bot Auction: rates at historic lows, Piazza Affari positive

The Italian Treasury placed all the shares this morning 8 billion Bots annually offered at auction, the maximum pre-established amount. The yield fell to 0,676%, from 0,735% of the previous placement in January. These are the lowest interest rates ever recorded. Demand was positive, with the coverage ratio rising from 1,45 to 1,63.

Immediately after the announcement of the result of the auction, Business Square travels positive by 0,73%, while the BTP-Bund spread it remains below the psychological threshold of 200 basis points, at 198. 

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