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Btp auction ok: rates down, demand good

This morning the Treasury placed 3,75 billion ten-year BTPs at a rate of 5,5% and 2,5 billion five-year BTPs scheduled at 4,19% - Yields down sharply from 6,08% and 5,39% of the previous auctions.

Btp auction ok: rates down, demand good

The Treasury placed today 3,75 billion 5,5-year BTPs at a rate of XNUMX%, down compared to the 6,08% of the previous January 30th auction. All the 3,75 billion offered have been placed on the market. Good demand, which reached 5,2 billion. Also placed all the 2,5 billion five-year Btp scheduled at a yield of 4,19%, down sharply from the 5,39% of the last auction at the end of January. The demand amounted to 3,5 billion.

The news did not have a strong impact on Business Square, which remained stable at the end of the morning, just above parity (+0,2%), in line with the timid increases of the other European lists. Little moved in the last few hours too the spread, which travels around 355 basis points. 

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