The BTp auction that took place this morning went better than the most optimistic forecasts. The Treasury announces in a note that it has placed three, seven and 20-year bonds with sharply declining yields thanks to sustained demand.
In detail, the interest rate on three-year maturities approached zero, falling to 0,06% from 0,30% in the previous placement. Requests reached 4,37 billion euros, against 3 billion allocated.
As regards the auction of seven-year BTPs, the yield fell by 22 basis points, to 1,15%. Demand exceeded 4 billion out of the 2,75 billion allocated.
Also up for auction are the 20-year BTP with a yield of 2,53%: 2,18 billion euros requested against 1,5 billion offered and assigned.
