The Treasury placed 6 billion six-monthly BoTs – Demand down on the April auction, but negative yields at the new all-time low (-0,262%).
At this morning's auction, the Treasury placed the full expected amount of 6 billion euros BoT expiring November 30th. Demand was good, as the BoTs requested were around 9,76 billion euros, which equate to a coverage ratio of 1,63, down from 1,75 in the same auction at the end of April.
Il yield offered it still remains negative, further down on the previous auction, reaching a new all-time low. Indeed, today's auction offers an interest rate of -0,262, against -0,172 in April.
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