Slight upside for yields of BoT annuals assigned today, which still remain in negative territories. The Treasury placed the full expected amount of 6,75 billion euros of securities, with a gross rate of -0,175% from the -0,190% of the auction last August.
Good one question, equal to 9,693 billion euros, with a coverage ratio of 1,44. In August, requests had exceeded 10,5 billion with a coverage ratio of 1,76. The auction will be settled on September 14th.
After opening higher than 126 points, the Btp/Bund spread retraced to the 125-point area in the late morning. In the same minutes, Piazza Affari dropped by more than 2%, on a very difficult day for the markets, making it the worst stock exchange in Europe.
