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Auction Bot: good demand, but yields are rising

The Treasury has managed to place all 8 billion annual BOTs – However, yields have increased to 2,767% from 2,697% in the last auction – The Btp-Bund spread is down.

Auction Bot: good demand, but yields are rising

Hot August Bot Auction. This morning the Italian Treasury managed to place all 8 billion of bonds annually which he had set himself as a goal. While demand was good, exceeding the amount offered by 1,69 times, yields however marked a slight increase compared to the last auction. THE in fact, 12-month BOT rates have risen on average to 2,767% from the previous 2,697%. 

On the secondary market, the 5,88-year BTP sees its yield drop to 445% with the BTP-Bund gap reducing to 0,49 basis points. In Piazza Affari, the Ftse Mib turned positive, gaining XNUMX%: Milan is currently the Stock Exchange that marks the greatest increase in Europe. 

In the meantime, however, bad news has arrived from via XX Settembre. The Italian public debt in June marked a new negative record: 1.972,94 billion euros. 

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