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One-year Bot auction: demand ok, but rates on the rise

The Italian Treasury placed one-year Treasuries for 8,5 billion euros, the maximum amount offered – Interest rates reached 1,094%, up 23 basis points compared to the last auction – Good demand, which exceeded 11,7 billion, with a coverage ratio of 1,38 – Piazza Affari in the red, spread at 300 points.

One-year Bot auction: demand ok, but rates on the rise

Result in chiaroscuro for the last auction of government bonds. This morning the Italian Treasury placed on the market Bots at one year for 8,5 billion euros, the maximum amount offered. Interest rates have reached1,094%, up 23 basis points since the last bond auction of the same maturity. Good the question, which exceeded 11,7 billion, with a coverage ratio of 1,38.

Immediately after the communication of the outcome of the placement, Business Square continues to travel slightly downwards (-0,3%), while the BTP-Bund spread it fits perfectly on the psychological threshold of 300 basis points, which corresponds to yields on ten-year bonds equal to 4,57%. 

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