Success (almost) full for the auction of 3-year and 15-year BTPs. Yields drop significantly, but the entire offer of 15-year bonds at the conditions proposed by the Treasury has not been absorbed. In detail, the Treasury sold all the four billion scheduled for the new three-year BTP expiring in May 2016. The rate fell to 2,29% from 2,48% in the previous auction. 1,67 billion of the 15-year Btp were also sold in September 2028, against a maximum amount of two billion and against an offer from operators of 2,21 billion. The rate fell to 4,68% from 4,90% in the previous auction.
The differential between the Italian and German reference rates has decreased below 300 basis points, in area 299, for the first time since last March 8, when he scored 299,5. The level reached today is the lowest since the 277,9 reached on February 25th. On the government bond market, the 10-year BTP is traded at a yield of 4,30%.
At the Milan Stock Exchange the FtseMib index gains 0,55% to 16.015, in line with Frankfurt +0,57% and Paris +0,66%%. Expectations are growing for the Telecom Italia board of directors +2,06% dedicated to the negotiations with Hutchinson Whampoa. Great fibrillation around Finmeccanica (+ 1,66%) and Mediaset (+ 3,52%).
Counter the Banks After the Bad Start: Unicredit + 0,28% Understanding -0,08%. He runs MontePaschi + 4,37% Mediobanca -1% Banco Popolare -0,69%. Generali it advances by 1,15%. Unipol -0,4% Fondiaria-Sai -1,4%. Fiat -0,09% StM +2,55%. Enel down -0,5%: Goldman Sachs cut its target price and confirmed its "Neutral" rating. Eni -0,11%. Saipem rises by 2,5%.
