Great success for this morning's BTP auction: the Treasury sold all 6 billion 5 and 10-year BTPs, with interest rates at their lowest since October 2010. The average 3,94-year yield (fifth tranche) fell to 4,66 from 2,84% in March and that of the five-year period (third tranche) to 3,65% from the previous 8,35%. Demand has reached a total of XNUMX billion euros, exceeding the initial offer.
Therefore, the debut of the new Economy Minister Fabrizio Saccomanni was excellent: in the morning, even before the auction, the oath of office of the new government had led to a rise in Piazza Affari and a decrease in the Btp-Bund spread below 280 basis points.
