Another success for Italian government bonds. The Treasury sold all the annual bonds in today's auction, the first of 2017, with a yield down by five cents, to -0,25%, from -0,196% in the similar auction last December 12th. All the seven billion euros offered have been placed, against an investor demand of over 11 billion. The numbers were communicated by the Bank of Italy.
Immediately after the announcement of the results of the auction, Piazza Affari travels just below the parity threshold, while the Btp Bund spread stands at 163 basis points.
