The Treasury has placed all 8,5 billion euros of three-, seven- and 15-year BTPs offered at auction today. However, the three-year bond rate returned to positive territory, disappointing the expectations of many operators.
In detail, the average yield of the three-year bond rose to 0,03% from -0,02% in the September placement, that of the seven-year bond increased to 0,83% from 0,69% in the September auction and the the fifteen-year rate rose to 1,77% from 1,57% in the previous placement which dates back to last July.
Meanwhile, on the secondary market, the BTp-Bund spread is slightly increasing to 140 basis points.
