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Auction Bot: demand ok, rates still negative

The Treasury placed the entire expected amount, equal to 6 billion euro of annual BOTs - Yield slightly up, at -0,217 against the all-time low in October, at -0,238% - Coverage ratio at 1,76.

The victory of Donald Trump in the US presidential elections it did not cause the expected earthquake on the markets and also the emissions of the Treasury do not pay the effect of the US election, performing well.

This morning the Ministry of the Economy placed the entire amount offered at the auction: six billion euros of annual bots. return it recorded a very slight increase compared to the October auction, even if it remained in negative territory, at -0,217%, against the all-time low of -0,238%.

Strong there question, which reached 10,535 billion euros. The hedging ratio also increased to 1,76 against the 1,55 recorded in last October's auction. The Btp/Bund spread remains at 155,4 basis points with the yield on the Italian ten-year bond at 1,80%.

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