The Btp auction was a success and Piazza Affari immediately accelerated the recovery. The Treasury has placed 5,6 billion BTPs over five and ten years, just under the target of 6 billion that it had set itself.
As for the titles a five years, 2,7 billion were sold with a average yield at 4,09%, down from the 4,73% of the last auction. The supply-demand ratio stood at 1,38.
More marked instead the decline on 5,82-year yields, from 5,24% to XNUMX%. Of the 10-year BTPs, 2,9 billion were placed and demand exceeded supply by 1,33 times.
Well i too CCTEu: 1 billion have been placed expiring on June 15, 2017 for a average yield of 4,56%
Piazza Affari, which seemed to be turning negative, recovered and gained 0,57%. On the secondary market, however, the spread is slightly up to 378 points.
