After yesterday's Bot auction, the Treasury placed this morning BTP at various maturities for a total amount of 6 billion euros, the maximum amount offered, recording limited changes in interest rates.
In detail, they have been sold three-year titles for 2,5 billion with a yield of 0,77%, the highest since July, against 0,70% in the previous auction in October. The coverage ratio was stable at 1,53.
Also place Btp to 7 years for 2 billion at a rate of 1,74%, from 1,71% in October, which was the minimum this year. As for demand, in this case the bid to cover improved from 1,49 to 1,51.
Finally, the Treasury sold 15-year bonds for 1,5 billion with a yield of 2,97%, down on the 3,03% of the September auction. This is the new low since the introduction of the euro. The coverage ratio went from 1,64 to 1,55.
After communication of the result of the auctions, the BTP-Bund spread stands slightly up at 155 basis points, while the Milan Stock Exchange earn 0,6%.
