Italy is full of Boots. This morning the Treasury placed government bonds maturing on October 31st at auction for 8 billion euros, the full amount offered. There question exceeded 11 billion, while average yield dropped to 0,503%, down 33 basis points from last month's similar auction.
The good result of the auction for the moment does not affect the performance of the Stock Exchange, which at the end of the morning continues to travel in the red (-0,83%) due to profit taking. On the other hand, the achievements were predictable after six consecutive sessions on the rise for the Ftse Mib, which allowed the Milanese list to gain a total of over seven and a half points. The Btp-Bund spread remained stable at 287 basis points.
