The Treasury placed this morning Annual bots for 6,5 billion euros, the full amount offered. The cup of interest has more than doubled since the last auction of the same type, from 0,061% of the 0,124%. Demand also worsened, with the coverage ratio dropping from 1,74 to 1,52.
Meanwhile, on the secondary market, the BTP-Bund spread travels in sharp decline, settling at 126, after closing last night at 144 basis points. The drop is linked to the markets' renewed confidence in the possibility of an agreement between Greece and international creditors by Sunday.
