In today's government bond auction, the Treasury managed to place five-year BTPs for the maximum pre-set amount, recording declining yields. They have been placed bonds for 3,5 billion of euros with yield at 5,32% from 5,6% at the auction on 13 September last. The bid-to-cover ratio also improved, standing at 1,34 versus the previous 1,28.
Today the Treasury also placed BTPs maturing in August 2018 for 588 million euros and an average yield of 5,62%. ten-year BTPs maturing in September 2021 for €1,158 billion and a yield of 5,77%, BTP maturing in 2025 for €939 million with a yield of 6,34%. The three placements correspond to a total amount of 2,7 billion against an expected maximum of 3 billion euro. Market sources report that shortly after the auction, the ECB is said to be buying Italian government bonds.
