Good news for Italian government bonds. This morning the Treasury placed all 8,5 billion semi-annual BOTs on offer. return it dropped sharply compared to the last auction, going from 1,237 to 0,831%. This is the lowest interest rate since last January. As for the question, was equal to 1,639 times the offer.
After communication of the result of the auction Business Square travels around parity, while lo BTP-Bund spread scores 318 basis points, after opening at 324.