The yield of the. remains above 6%. Btp to 10 years. In this morning's auction, the Treasury placed bonds for two billions a a rate of 6,08%, in any case down from the 6,98% recorded in the last placement at the end of December. Good question, which amounted to 2,8 billion.
A new auction was also held this morning Btp to 5 years, which saw yields fall much more decisively, reaching 5,39%, against the 6,47% recorded in the last placement in mid-December. The Treasury has placed bonds worth 3,57 billion euros, compared to a range offered of 3-4 billion. The demand amounted to 4,6 billion.
Immediately after the announcement of the auction results, the spread started a timid descent, which follows a rather difficult morning. The wait for the placement, added to the tensions on the Greek situation and the new downgrading of our country by Fitch had contributed to bringing the yield differential between the 400-year BTPs and the German Bunds back well beyond the 404 points threshold. After an opening at 11 points, around 30 am the spread reached its maximum for the day at 437 points, to then drop slightly to 430.
These are hours of tension also on the stock market, with Piazza Affari continuing to travel in the red, leaving 0,7% in the field.
