Another positive result for the Italian Treasury on the debt market. This morning the Ministry of Economy sold Boots with expiration at six months for seven billion euros, the maximum amount offered in the auction.
Interest rates have fallen further, reaching the level 0,16%, against the 0,3% obtained in the analogous placement in December, touching the all-time low of 0,13%, marked last August. As for the question, it reached i 12,1 billion, for a coverage ratio of 1,74.
Despite the successful outcome of the placement, the disclosure of these numbers was not sufficient to reverse the course of the stock and bond market: immediately after the auction, the Milan Stock Exchange still travels in negative ground of 0,6%, while the spread between Btp and Bund recovered above 120 basis points, to 123.
