The Treasury today placed the expected 10 billion BOTs, including 7 billion in annual bonds at a yield that has fallen to the lowest since the birth of the euro.
The Treasury today placed the expected 10 billion BOTs, including 7 billion in annual bonds at a yield that has fallen to its lowest since the birth of the euro. In more detail, the 7 billion 12-month BOTs were assigned at an average yield of 0,703% from 0,922% at the mid-April auction. The coverage ratio moved to 1,161 from the previous 1,64.
All 3 billion flexible bots were also assigned, with 219 days, at a yield of 0,393%. In this case the requests were 2,09 times higher than the offer.
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