The three-year yield rises, doubling compared to May to 0,08%, the seven-year bonds are down while the thirty-year BTPs remain unchanged. Mixed results, therefore, compared to previous placements, in the mid-month medium and long-term auction, in which the Ministry of the Economy placed 7 billion euros compared to the maximum of the range set between 5,5 and 7 billion.
In particular, the fifth tranche of the three-year BTP April 2019 coupon 0,10%, offered for 1,5-2 billion, was assigned for 2 billion at a gross rate of 0,08% from 0,04% in mid-May, while the seventh reopening of the seven-year March 2023 0,95 % was placed for 3 billion out of a range of 2,5-3 billion at a yield of 0,83% from 0,87% on the last placement.
Lastly, 1,259 million of the fourth tranche of the curve was placed on the extra-long section of the curve thirtieth anniversary March 2047 coupon 2,70% and 742 million in September 2044 4,75%, fourteenth reopening. The offer envisaged by the Treasury was for a total amount between 1,5 and 2 billion. The gross yield stands at 2,44% on the bond in September 2044 and at 2,49% on March 2047, unchanged from the April auction. Settlement for all four titles is set for Wednesday 15 June.
