The tension is growing again on the Btp. The Treasury today placed all the 6 billion in medium and long-term government bonds that it had set itself as a target. Via XX Settembre has placed 3,75 billion Btp maturing in July 2015, at a gross rate equal to 2,86%, up from the previous 2,75% and the highest since mid-July. The question is strengthened, with a report bid-to-cover at 1,67, against 1,49 previous.
They were then sold 846 million Btp over 5 years, in expiring in 2016, with a yield equal to 3,42% and a supply/demand ratio of 2,2.
Of 10-year BTPs, maturing in 2018, 710 million were placed with a yield rising to 4,06% from 3,71% in the last auction: bid-to-cover 2,46. Finally i 15-year BTPs, maturing in 2025, they reached 5,24%. 693 million were sold.
