There was anticipation for the jump in yields, and it arrived on time. The Italian Treasury placed this morning 8,5 billion euros of annual bots, the maximum pre-set amount, at a yield of 1,34%, a marked increase compared to the 1,053% of the previous auction. This is the highest level since last December. Good demand, which amounted to 11,5 billion, for a bid to cover of 1,36.
Three billion flexible bots maturing in December have also been placed. In this case the rate fell from 0,599% to 0,509%.
After the auction, the session in Piazza Affari continues without jolts, which remains the best of the day among the main European stock exchanges: the Ftse Mib index rises by 0,7% with all banks rising after a positive report by JP Morgan. Bpm rises by 2,5%, Unicredit by 2,5%, MPs by 1,8%. Finmeccanica (+2%) and above all Mediaset (+3,1%) were also strong, the best stock in the main list. Down Stm (-1,7%) and Telecom (-1,1%).
The differential between the BTP and the Bund stands at 250 basis points, after having reached a minimum of 248.
