The Treasury fills up at the Btp auction on April 13, albeit with slightly higher yields. The securities placed are on three maturities (3, 10 and 15 years), for a total of 7,75 billion euro. The amount assigned coincides with the maximum foreseen for this issue.
In detail, the new three-year BTP (maturing in April 2024) was placed for an amount of four billion euro, at a negative rate of -0,17%. The yield therefore rose by five basis points compared to the similar auction last month, recovering from its historic lows. On the demand side, the coverage ratio stood at 1,38.
The Treasury also sold Btp to 10 years for 1,75 billion. In this case, the interest rate stood at 0,12%, while the bid to cover was 1,55.
Finally, the issuance of the BTPs with a 15-year maturity it reached two billion, with a yield of 1,26% and a coverage ratio of 1,47.
At the end of the morning the spread between Btp and Bund travels at 105 basis points, up 3,22% since the last close.
