Difficult day on the Italian debt market. The auction of BTP launched this morning by the Treasury closed with sharply rising interest rates, which reflect the sudden rise in the spread against the Bund on the secondary market.
In detail, the placement of the title a 5 years it closed with the sale of 2,75 billion bills at a gross yield of 0,92%, up 38 basis points from the previous auction.
Even more marked the rise on the 10 years, which was placed for 4 billion with a yield rising by 60 basis points, to 2,37%.
Finally sold 2,25 billion Ccteu with a gross yield rising to 0,73%.
Meanwhile, it BTP-Bund spread it stabilized above 180 and at the end of the morning it scored 184 basis points.
The tension on the debt has repercussions on banking and insurance stocks, which drag on in the same minutes Business Square in the red by almost 2%.
